Personal CFO Solutions LLC cut its position in shares of Welltower Inc. (NYSE:WELL – Free Report) by 16.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,156 shares of the real estate investment trust’s stock after selling 603 shares during the period. Personal CFO Solutions LLC’s holdings in Welltower were worth $255,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WELL. Compass Wealth Management LLC bought a new position in shares of Welltower in the 4th quarter valued at approximately $26,000. Covestor Ltd increased its position in Welltower by 97.4% in the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 147 shares during the period. Clear Street Markets LLC increased its position in Welltower by 188.5% in the 4th quarter. Clear Street Markets LLC now owns 577 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 377 shares during the period. Newbridge Financial Services Group Inc. increased its position in Welltower by 105.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 602 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 309 shares during the period. Finally, Belpointe Asset Management LLC increased its position in Welltower by 30.5% in the 1st quarter. Belpointe Asset Management LLC now owns 984 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 230 shares during the period. 91.61% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have commented on WELL. JPMorgan Chase & Co. downgraded Welltower from an “overweight” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research report on Thursday, October 12th. Robert W. Baird lifted their price objective on Welltower from $80.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, September 14th. Barclays lifted their price objective on Welltower from $82.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. Mizuho lifted their price objective on Welltower from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, September 14th. Finally, Morgan Stanley lifted their price objective on Welltower from $74.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, September 7th. Four 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.38.
Welltower Trading Up 1.2 %
Shares of WELL opened at $88.55 on Tuesday. The stock has a fifty day moving average price of $84.22 and a two-hundred day moving average price of $81.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.37 and a current ratio of 3.37. Welltower Inc. has a 52-week low of $62.62 and a 52-week high of $89.69. The company has a market cap of $49.01 billion, a price-to-earnings ratio of 184.48, a PEG ratio of 4.79 and a beta of 1.07.
Welltower (NYSE:WELL – Get Free Report) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.65). Welltower had a net margin of 3.94% and a return on equity of 1.15%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts predict that Welltower Inc. will post 3.61 EPS for the current fiscal year.
Welltower Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.76%. Welltower’s payout ratio is currently 508.33%.
Welltower Inc (NYSE:WELL), a real estate investment trust ("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 infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
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