Williams Jones & Associates LLC trimmed its position in shares of Welltower Inc (NYSE:WELL) by 2.5% in the 1st quarter, Holdings Channel reports. The fund owned 24,445 shares of the real estate investment trust’s stock after selling 624 shares during the quarter. Williams Jones & Associates LLC’s holdings in Welltower were worth $1,897,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of WELL. Orrstown Financial Services Inc. purchased a new stake in shares of Welltower during the first quarter valued at approximately $25,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of Welltower during the fourth quarter valued at approximately $27,000. Ellis Investment Partners LLC purchased a new stake in shares of Welltower during the first quarter valued at approximately $27,000. JNBA Financial Advisors purchased a new stake in shares of Welltower during the fourth quarter valued at approximately $28,000. Finally, Citizens Financial Group Inc RI purchased a new stake in shares of Welltower during the first quarter valued at approximately $30,000. 87.07% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on WELL shares. BMO Capital Markets reiterated a “hold” rating and set a $73.00 price target on shares of Welltower in a report on Wednesday, May 1st. Deutsche Bank raised their target price on shares of Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a report on Friday, March 29th. Citigroup raised their target price on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Raymond James raised their target price on shares of Welltower from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. They noted that the move was a valuation call. Finally, Morgan Stanley raised their target price on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Welltower presently has a consensus rating of “Buy” and an average target price of $73.29.
WELL traded up $0.32 during trading on Wednesday, hitting $82.43. The company’s stock had a trading volume of 112,798 shares, compared to its average volume of 2,055,218. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.79. Welltower Inc has a one year low of $56.60 and a one year high of $83.87. The company has a market capitalization of $33.38 billion, a PE ratio of 20.45, a PEG ratio of 4.09 and a beta of 0.30.
Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.02. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts forecast that Welltower Inc will post 4.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were given a $0.87 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.48 annualized dividend and a yield of 4.22%. Welltower’s payout ratio is presently 86.35%.
Welltower Company Profile
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
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