Heritage Wealth Advisors Raises Position in Welltower Inc (WELL)
Heritage Wealth Advisors boosted its holdings in Welltower Inc (NYSE:WELL) by 464.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 446 shares of the real estate investment trust’s stock after acquiring an additional 367 shares during the period. Heritage Wealth Advisors’ holdings in Welltower were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Orrstown Financial Services Inc. acquired a new stake in Welltower in the 1st quarter valued at about $25,000. Clarfeld Financial Advisors LLC purchased a new position in shares of Welltower during the 4th quarter worth about $27,000. Ellis Investment Partners LLC purchased a new position in shares of Welltower during the 1st quarter worth about $27,000. JNBA Financial Advisors purchased a new position in shares of Welltower during the 4th quarter worth about $28,000. Finally, Massey Quick Simon & CO. LLC purchased a new position in shares of Welltower during the 1st quarter worth about $31,000. 84.94% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on WELL shares. Morgan Stanley increased their price objective on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Citigroup increased their price objective on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Royal Bank of Canada increased their price objective on shares of Welltower to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, February 21st. Mitsubishi UFJ Financial Group increased their price objective on shares of Welltower to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, February 13th. Finally, Raymond James increased their price objective on shares of Welltower from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $73.29.
NYSE WELL traded up $0.46 during mid-day trading on Wednesday, hitting $78.54. The company’s stock had a trading volume of 92,706 shares, compared to its average volume of 1,411,761. Welltower Inc has a 52-week low of $53.53 and a 52-week high of $79.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $31.46 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 3.27 and a beta of 0.43.
Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $0.99 earnings per share. Welltower’s revenue for the quarter was up 16.0% compared to the same quarter last year. Sell-side analysts forecast that Welltower Inc will post 4.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be issued a $0.87 dividend. The ex-dividend date is Monday, May 13th. This represents a $3.48 annualized dividend and a yield of 4.43%. Welltower’s payout ratio is 86.35%.
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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.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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