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.
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.
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