E Fund Management Co. Ltd. purchased a new stake in shares of Welltower Inc. (NYSE:WELL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 733 shares of the real estate investment trust’s stock, valued at approximately $53,000.
A number of other large investors have also recently modified their holdings of WELL. Abundance Wealth Counselors bought a new position in Welltower in the 1st quarter worth about $26,000. Reby Advisors LLC bought a new position in Welltower in the 4th quarter worth about $30,000. Better Money Decisions LLC bought a new position in Welltower in the 1st quarter worth about $36,000. San Francisco Sentry Investment Group CA grew its stake in Welltower by 145.1% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 549 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 325 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in Welltower by 1,000.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 550 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 90.69% of the company’s stock.
A number of brokerages have commented on WELL. Robert W. Baird upped their target price on shares of Welltower from $74.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 7th. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $70.00 to $82.00 in a research note on Monday, May 3rd. Capital One Financial upgraded shares of Welltower from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 21st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Welltower from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, June 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Welltower from $71.00 to $78.00 in a research note on Tuesday, May 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $67.71.
Welltower (NYSE:WELL) last posted its quarterly earnings results on Wednesday, April 28th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.58). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Welltower had a return on equity of 5.66% and a net margin of 16.82%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 EPS. On average, sell-side analysts forecast that Welltower Inc. will post 3.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 20th. Shareholders of record on Tuesday, May 11th were issued a $0.61 dividend. The ex-dividend date was Monday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.08%. Welltower’s dividend payout ratio is currently 68.54%.
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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