JNBA Financial Advisors acquired a new position in shares of Welltower Inc (NYSE:WELL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 399 shares of the real estate investment trust’s stock, valued at approximately $28,000.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc acquired a new position in shares of Welltower in the 3rd quarter valued at $3,075,144,000. Vanguard Group Inc. acquired a new position in shares of Welltower in the 3rd quarter valued at $3,075,144,000. BlackRock Inc. acquired a new position in shares of Welltower in the 3rd quarter valued at $2,461,568,000. Cohen & Steers Inc. acquired a new position in shares of Welltower in the 3rd quarter valued at $1,459,560,000. Finally, FMR LLC acquired a new position in shares of Welltower in the 3rd quarter valued at $473,389,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on WELL. Morgan Stanley increased their price target on Welltower from $67.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, December 17th. SunTrust Banks raised their price objective on Welltower to $72.00 and gave the stock a “hold” rating in a research note on Wednesday, October 31st. raised their price objective on Welltower from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 5th. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Finally, Citigroup raised their price objective on Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $67.67.
Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 12th. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.02). The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.26 billion. Welltower had a return on equity of 6.28% and a net margin of 17.14%. The company’s revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts forecast that Welltower Inc will post 4.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 22nd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Thursday, February 21st. Welltower’s dividend payout ratio (DPR) is presently 86.35%.
In other Welltower news, EVP Mercedes Kerr sold 4,342 shares of the stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $73.17, for a total transaction of $317,704.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is currently owned by corporate insiders.
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Welltower Company Profile
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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