Foundry Partners LLC Invests $447,000 in Welltower Inc (WELL) Stock

Foundry Partners LLC purchased a new position in Welltower Inc (NYSE:WELL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,211 shares of the real estate investment trust’s stock, valued at approximately $447,000.

A number of other institutional investors have also bought and sold shares of WELL. Synovus Financial Corp acquired a new position in Welltower in the first quarter worth approximately $107,000. Motco acquired a new position in Welltower in the first quarter worth approximately $114,000. Smithfield Trust Co. acquired a new position in Welltower in the first quarter worth approximately $115,000. Pittenger & Anderson Inc. acquired a new position in Welltower in the first quarter worth approximately $118,000. Finally, Tiverton Asset Management LLC acquired a new position in Welltower in the first quarter worth approximately $130,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Several research analysts have issued reports on WELL shares. Raymond James upgraded shares of Welltower to an “outperform” rating in a research report on Friday, June 1st. Royal Bank of Canada set a $62.00 price objective on shares of Welltower and gave the stock a “hold” rating in a research report on Monday, February 26th. Hilliard Lyons upgraded shares of Welltower from an “underperform” rating to a “neutral” rating in a research report on Friday, April 27th. ValuEngine cut shares of Welltower from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, Bank of America lowered their price objective on shares of Welltower from $67.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Welltower currently has an average rating of “Hold” and a consensus price target of $62.86.

In related news, Director Gary Whitelaw bought 925 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was bought at an average price of $54.18 per share, with a total value of $50,116.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Shares of NYSE:WELL opened at $58.38 on Thursday. The firm has a market cap of $21.20 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 2.39 and a beta of 0.23. Welltower Inc has a 12-month low of $49.58 and a 12-month high of $78.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.75 and a quick ratio of 1.75.

Welltower (NYSE:WELL) last issued its earnings results on Thursday, April 26th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Welltower had a net margin of 14.60% and a return on equity of 5.13%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. equities analysts forecast that Welltower Inc will post 4.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 23rd. Shareholders of record on Tuesday, May 8th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date was Monday, May 7th. Welltower’s dividend payout ratio (DPR) is currently 82.66%.

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.

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply