Eventide Asset Management LLC acquired a new stake in Welltower Inc (NYSE:WELL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,600 shares of the real estate investment trust’s stock, valued at approximately $958,000.
A number of other institutional investors and hedge funds have also made changes to their positions in WELL. BlackRock Inc. acquired a new stake in shares of Welltower during the 1st quarter valued at approximately $2,029,544,000. Wells Fargo & Company MN acquired a new stake in shares of Welltower during the 1st quarter valued at approximately $389,445,000. Northern Trust Corp acquired a new stake in shares of Welltower during the 1st quarter valued at approximately $338,345,000. Principal Financial Group Inc. acquired a new stake in shares of Welltower during the 1st quarter valued at approximately $308,744,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Welltower during the 1st quarter valued at approximately $297,486,000. 83.71% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on WELL shares. BMO Capital Markets reiterated a “sell” rating and set a $57.00 price target on shares of Welltower in a research report on Thursday, February 22nd. SunTrust Banks set a $58.00 price target on shares of Welltower and gave the company a “hold” rating in a research report on Friday, February 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price target (down from $74.00) on shares of Welltower in a research report on Friday, February 23rd. Royal Bank of Canada set a $62.00 price target on shares of Welltower and gave the company a “hold” rating in a research report on Monday, February 26th. Finally, Citigroup cut their price objective on Welltower from $67.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $62.86.
Welltower (NYSE:WELL) last released its earnings results on Thursday, April 26th. The real estate investment trust reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.17. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Welltower had a net margin of 14.60% and a return on equity of 5.13%. Welltower’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. analysts forecast that Welltower Inc will post 4.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 23rd. Shareholders of record on Tuesday, May 8th were paid a $0.87 dividend. The ex-dividend date was Monday, May 7th. This represents a $3.48 annualized dividend and a yield of 6.08%. Welltower’s payout ratio is currently 82.66%.
In other news, Director Gary Whitelaw bought 925 shares of the stock in a transaction on Tuesday, May 1st. The stock was purchased at an average cost of $54.18 per share, with a total value of $50,116.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by insiders.
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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