ERTS Wealth Advisors LLC cut its position in shares of Welltower Inc (NYSE:WELL) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,325 shares of the real estate investment trust’s stock after selling 935 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in Welltower were worth $353,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Citizens Financial Group Inc RI bought a new position in Welltower during the first quarter worth $30,000. Gradient Investments LLC boosted its stake in Welltower by 590.3% during the second quarter. Gradient Investments LLC now owns 497 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 425 shares in the last quarter. Trustcore Financial Services LLC boosted its stake in Welltower by 674.3% during the first quarter. Trustcore Financial Services LLC now owns 542 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 472 shares in the last quarter. Advisory Alpha LLC bought a new position in Welltower during the first quarter worth $45,000. Finally, Duncker Streett & Co. Inc. boosted its stake in Welltower by 27.6% during the second quarter. Duncker Streett & Co. Inc. now owns 591 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 89.26% of the company’s stock.
WELL has been the topic of several research analyst reports. BMO Capital Markets reissued a “buy” rating and set a $86.00 target price on shares of Welltower in a research note on Monday, August 5th. Morgan Stanley increased their target price on shares of Welltower from $83.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. Stifel Nicolaus increased their target price on shares of Welltower from $87.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Wood & Company reissued an “average” rating on shares of Welltower in a research note on Thursday, August 22nd. Finally, Raymond James lowered shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price on the stock. in a research note on Thursday, June 13th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $80.39.
Shares of Welltower stock traded down $0.24 during trading hours on Friday, reaching $87.21. The company’s stock had a trading volume of 33,045 shares, compared to its average volume of 1,752,200. Welltower Inc has a one year low of $60.93 and a one year high of $92.50. The company has a market capitalization of $35.61 billion, a P/E ratio of 21.64, a P/E/G ratio of 4.56 and a beta of 0.24. The stock’s fifty day simple moving average is $87.57 and its two-hundred day simple moving average is $81.12. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.73 and a current ratio of 1.73.
Welltower (NYSE:WELL) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.70). Welltower had a net margin of 11.98% and a return on equity of 4.62%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the business posted $1.00 earnings per share. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, research analysts forecast that Welltower Inc will post 4.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Wednesday, August 14th. Welltower’s dividend payout ratio (DPR) is 86.35%.
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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