Dimensional Fund Advisors LP trimmed its position in Welltower Inc. (NYSE:WELL – Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,248,482 shares of the real estate investment trust’s stock after selling 227,327 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Welltower were worth $1,110,537,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. SouthState Corp raised its holdings in shares of Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 148 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Welltower in the 1st quarter worth about $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower in the 1st quarter worth about $28,000. Hughes Financial Services LLC purchased a new position in shares of Welltower in the 1st quarter worth about $31,000. Finally, Franchise Capital Ltd purchased a new position in shares of Welltower in the 1st quarter worth about $32,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have recently commented on WELL. Wells Fargo & Company raised their target price on Welltower from $158.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, June 2nd. Morgan Stanley raised their target price on Welltower from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Wall Street Zen downgraded Welltower from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Scotiabank reiterated an “outperform” rating on shares of Welltower in a report on Monday, June 23rd. Finally, Evercore ISI raised their target price on Welltower from $162.00 to $175.00 and gave the company an “in-line” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.82.
Welltower Price Performance
WELL stock opened at $161.98 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 52-week low of $115.18 and a 52-week high of $171.09. The stock’s 50 day moving average is $157.72 and its two-hundred day moving average is $151.23. The company has a market capitalization of $108.34 billion, a PE ratio of 91.51, a P/E/G ratio of 1.87 and a beta of 0.93.
Welltower (NYSE:WELL – Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the business earned $1.05 EPS. Welltower’s revenue for the quarter was up 39.6% compared to the same quarter last year. Analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.74 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.8%. This is a boost from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio (DPR) is presently 167.23%.
Insider Transactions at Welltower
In other news, Director Andrew Gundlach bought 20,000 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the transaction, the director owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is owned by corporate insiders.
About Welltower
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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