InterOcean Capital Group LLC Sells 218 Shares of Welltower Inc. (NYSE:WELL)

InterOcean Capital Group LLC lowered its position in shares of Welltower Inc. (NYSE:WELL) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,203 shares of the real estate investment trust’s stock after selling 218 shares during the quarter. InterOcean Capital Group LLC’s holdings in Welltower were worth $206,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Welltower by 3.8% in the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock valued at $8,333,716,000 after acquiring an additional 3,257,213 shares during the last quarter. Norges Bank bought a new position in Welltower in the fourth quarter valued at approximately $2,453,039,000. Capital International Investors increased its position in shares of Welltower by 6.3% during the 4th quarter. Capital International Investors now owns 23,132,262 shares of the real estate investment trust’s stock worth $2,085,836,000 after purchasing an additional 1,361,150 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Welltower by 0.7% during the 4th quarter. Principal Financial Group Inc. now owns 13,012,500 shares of the real estate investment trust’s stock worth $1,173,337,000 after purchasing an additional 87,106 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Welltower by 1.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,986,481 shares of the real estate investment trust’s stock valued at $720,141,000 after buying an additional 99,314 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WELL shares. Morgan Stanley boosted their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Scotiabank lifted their price target on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. KeyCorp raised their price objective on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. Mizuho boosted their target price on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Evercore ISI raised their price target on Welltower from $95.00 to $97.00 and gave the company an “in-line” rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average price target of $101.32.

Insider Activity

In related news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now owns 14,579 shares of the company’s stock, valued at $1,514,903.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by company insiders.

Welltower Stock Performance

NYSE:WELL opened at $108.49 on Friday. The company has a market cap of $64.87 billion, a price-to-earnings ratio of 133.94, a PEG ratio of 2.69 and a beta of 1.18. Welltower Inc. has a fifty-two week low of $78.38 and a fifty-two week high of $111.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The stock has a fifty day moving average price of $104.04 and a 200-day moving average price of $96.12.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. As a group, equities analysts anticipate that Welltower Inc. will post 4.13 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were issued a dividend of $0.61 per share. The ex-dividend date was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a yield of 2.25%. Welltower’s payout ratio is currently 301.23%.

Welltower Profile

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.