Welltower Inc. (NYSE:WELL - Get Free Report) Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The shares were acquired at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director owned 20,000 shares in the company, valued at approximately $3,029,200. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Welltower Stock Down 0.6%
Shares of Welltower stock opened at $150.71 on Thursday. Welltower Inc. has a 1 year low of $102.92 and a 1 year high of $158.55. The company has a market cap of $98.56 billion, a P/E ratio of 86.61, a P/E/G ratio of 1.76 and a beta of 0.92. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $150.85 and a 200 day moving average price of $144.07.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The firm's revenue was up 30.3% compared to the same quarter last year. As a group, analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is presently 154.02%.
Wall Street Analyst Weigh In
Several research firms recently commented on WELL. Mizuho increased their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Evercore ISI increased their price objective on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Wells Fargo & Company raised their price objective on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley increased their price target on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $168.18.
View Our Latest Stock Analysis on Welltower
Institutional Investors Weigh In On Welltower
Several institutional investors have recently made changes to their positions in WELL. SouthState Corp increased its holdings in shares of Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Welltower in the first quarter worth $27,000. Harbor Capital Advisors Inc. bought a new stake in shares of Welltower during the 1st quarter worth $28,000. Smallwood Wealth Investment Management LLC acquired a new position in Welltower in the 1st quarter valued at $28,000. Finally, Hughes Financial Services LLC bought a new position in Welltower in the 1st quarter worth $31,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.
About Welltower
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
