Hendershot Investments Inc. Sells 600 Shares of Welltower Inc. (NYSE:WELL)

Hendershot Investments Inc. trimmed its position in Welltower Inc. (NYSE:WELL) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,142 shares of the real estate investment trust’s stock after selling 600 shares during the quarter. Hendershot Investments Inc.’s holdings in Welltower were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of Welltower in the first quarter worth about $27,000. TruNorth Capital Management LLC acquired a new position in Welltower during the 2nd quarter worth approximately $27,000. Manchester Capital Management LLC lifted its stake in Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 254 shares during the last quarter. Centerpoint Advisors LLC acquired a new stake in Welltower in the second quarter valued at approximately $31,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Welltower during the fourth quarter worth $35,000. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

Shares of NYSE WELL opened at $124.00 on Friday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $74.14 billion, a PE ratio of 153.08, a P/E/G ratio of 2.79 and a beta of 1.18. The firm has a fifty day simple moving average of $112.56 and a 200 day simple moving average of $101.94. Welltower Inc. has a twelve month low of $78.38 and a twelve month high of $125.50.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the business earned $0.90 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, sell-side analysts forecast that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.16%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WELL. KeyCorp raised their price objective on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Scotiabank lifted their price target on Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a research note on Wednesday, August 7th. Wedbush boosted their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Morgan Stanley lifted their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Evercore ISI boosted their target price on shares of Welltower from $105.00 to $106.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.58.

About Welltower

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.