Centersquare Investment Management LLC increased its position in Welltower Inc (NYSE:WELL) by 2,853,300.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 342,408 shares of the real estate investment trust’s stock after buying an additional 342,396 shares during the quarter. Centersquare Investment Management LLC owned about 0.08% of Welltower worth $27,917,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ellis Investment Partners LLC acquired a new position in Welltower in the first quarter valued at approximately $27,000. Citizens Financial Group Inc RI bought a new stake in shares of Welltower during the first quarter valued at approximately $30,000. Heritage Wealth Advisors raised its holdings in shares of Welltower by 464.6% during the first quarter. Heritage Wealth Advisors now owns 446 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 367 shares during the last quarter. Gradient Investments LLC raised its holdings in shares of Welltower by 590.3% during the second quarter. Gradient Investments LLC now owns 497 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 425 shares during the last quarter. Finally, Trustcore Financial Services LLC raised its holdings in shares of Welltower by 674.3% during the first quarter. Trustcore Financial Services LLC now owns 542 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 472 shares during the last quarter. 89.26% of the stock is currently owned by institutional investors and hedge funds.
WELL has been the topic of several recent analyst reports. Raymond James cut Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price on the stock. in a report on Thursday, June 13th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on Welltower from $83.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. BMO Capital Markets reissued a “buy” rating and set a $86.00 target price on shares of Welltower in a report on Monday, August 5th. Scotiabank set a $80.00 price target on shares of Welltower and gave the stock a “hold” rating in a research report on Friday, June 14th. Finally, Wood & Company reiterated an “average” rating on shares of Welltower in a research report on Thursday, August 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Welltower has an average rating of “Buy” and an average price target of $80.39.
Welltower stock traded down $0.11 on Friday, reaching $87.34. 31,241 shares of the stock were exchanged, compared to its average volume of 1,752,200. The stock has a market cap of $35.61 billion, a PE ratio of 21.64, a PEG ratio of 4.56 and a beta of 0.24. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.95. Welltower Inc has a twelve month low of $60.93 and a twelve month high of $92.50. The firm has a fifty day moving average price of $87.57 and a two-hundred day moving average price of $81.12.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.70). Welltower had a net margin of 11.98% and a return on equity of 4.62%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company posted $1.00 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts anticipate that Welltower Inc will post 4.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Wednesday, August 14th. Welltower’s dividend payout ratio (DPR) 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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