American International Group Inc. acquired a new position in shares of Welltower (NYSE:WELL) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 159,871 shares of the real estate investment trust’s stock, valued at approximately $8,702,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Swiss National Bank bought a new stake in Welltower during the first quarter worth approximately $79,515,000. Stephens Inc. AR bought a new stake in Welltower during the first quarter worth approximately $7,184,000. Rhumbline Advisers bought a new stake in Welltower during the first quarter worth approximately $38,534,000. Brighton Jones LLC bought a new stake in Welltower during the first quarter worth approximately $254,000. Finally, CFO4Life Group LLC bought a new stake in Welltower during the first quarter worth approximately $224,000. 83.75% of the stock is currently owned by institutional investors.
Shares of Welltower opened at $55.18 on Tuesday, according to Marketbeat.com. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $20.19 billion, a P/E ratio of 13.11, a PEG ratio of 2.25 and a beta of 0.18. Welltower has a 52-week low of $49.58 and a 52-week high of $78.17.
Welltower (NYSE:WELL) last announced its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Welltower had a return on equity of 5.13% and a net margin of 14.60%. Welltower’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. analysts anticipate that Welltower will post 4.02 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 23rd. Shareholders of record on Tuesday, May 8th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, May 7th. This represents a $3.48 dividend on an annualized basis and a yield of 6.31%. Welltower’s dividend payout ratio is currently 82.66%.
WELL has been the subject of several recent analyst reports. Stephens restated a “buy” rating and set a $61.00 target price on shares of Welltower in a research report on Tuesday, February 27th. SunTrust Banks set a $58.00 target price on Welltower and gave the company a “hold” rating in a research report on Friday, February 23rd. Raymond James upgraded Welltower from a “market perform” rating to an “outperform” rating in a research report on Monday. ValuEngine lowered Welltower from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Bank of America dropped their target price on Welltower from $67.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 8th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $63.08.
In related news, Director Gary Whitelaw bought 925 shares of the stock in a transaction on Tuesday, May 1st. The stock was bought at an average price of $54.18 per share, for a total transaction of $50,116.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon bought 600 shares of the stock in a transaction on Thursday, March 15th. The shares were bought at an average price of $53.63 per share, with a total value of $32,178.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 3,387 shares of company stock valued at $182,116. 0.17% of the stock is owned by company insiders.
Welltower Inc (NYSE:HCN), 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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