Janney Montgomery Scott LLC Grows Stock Holdings in Welltower Inc. (NYSE:WELL)

Janney Montgomery Scott LLC lifted its holdings in Welltower Inc. (NYSE:WELLFree Report) by 5.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 54,666 shares of the real estate investment trust’s stock after purchasing an additional 3,035 shares during the period. Janney Montgomery Scott LLC’s holdings in Welltower were worth $5,108,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Welltower in the 4th quarter worth approximately $25,000. Rise Advisors LLC purchased a new stake in shares of Welltower in the 1st quarter worth approximately $27,000. Scarborough Advisors LLC purchased a new stake in shares of Welltower in the 4th quarter worth approximately $35,000. Salem Investment Counselors Inc. lifted its position in Welltower by 84.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 194 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Welltower during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 0.3 %

WELL stock opened at $104.55 on Thursday. The firm has a market cap of $62.51 billion, a PE ratio of 129.07, a P/E/G ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The firm’s fifty day moving average is $102.16 and its 200 day moving average is $94.86. Welltower Inc. has a one year low of $77.90 and a one year high of $106.50.

Welltower (NYSE:WELLGet Free Report) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.72). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. On average, research analysts forecast that Welltower Inc. will post 4.12 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s payout ratio is 301.23%.

Analyst Ratings Changes

A number of equities research analysts recently commented on WELL shares. BNP Paribas assumed coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price for the company. Scotiabank upped their price target on shares of Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Wells Fargo & Company upped their price target on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Mizuho upped their price target on shares of Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.50.

Read Our Latest Research Report on Welltower

Insider Buying and Selling at Welltower

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at $1,514,903.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

Welltower Profile

(Free Report)

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

See Also

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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