Pratt Collard Advisory Partners LLC lowered its position in shares of Welltower Inc (NYSE:WELL) by 0.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,057 shares of the real estate investment trust’s stock after selling 259 shares during the quarter. Welltower accounts for about 1.9% of Pratt Collard Advisory Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Pratt Collard Advisory Partners LLC’s holdings in Welltower were worth $2,332,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orrstown Financial Services Inc. bought a new position in shares of Welltower in the first quarter valued at about $25,000. Clarfeld Financial Advisors LLC bought a new position in shares of Welltower in the fourth quarter valued at about $27,000. JNBA Financial Advisors bought a new position in shares of Welltower in the fourth quarter valued at about $28,000. Portfolio Solutions LLC bought a new position in shares of Welltower in the fourth quarter valued at about $34,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Welltower by 6,756.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,807,357 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 2,766,411 shares during the period. Hedge funds and other institutional investors own 86.04% of the company’s stock.
In other news, EVP Mercedes Kerr sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $74.50, for a total value of $372,500.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.
Welltower stock traded down $0.09 during trading hours on Wednesday, reaching $75.29. 986,713 shares of the stock were exchanged, compared to its average volume of 2,155,534. The company has a market capitalization of $30.96 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 3.23 and a beta of 0.43. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.79. Welltower Inc has a twelve month low of $53.53 and a twelve month high of $79.41.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.02. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.24 billion. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. On average, sell-side analysts expect that Welltower Inc will post 4.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be paid a $0.87 dividend. The ex-dividend date is Monday, May 13th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.62%. Welltower’s payout ratio is currently 86.35%.
Several equities analysts have recently weighed in on the stock. BMO Capital Markets reissued a “hold” rating and issued a $73.00 price objective on shares of Welltower in a research report on Wednesday, May 1st. Deutsche Bank upped their price target on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Friday, March 29th. Raymond James upped their price target on shares of Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, February 26th. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group upped their price target on shares of Welltower to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, February 13th. Finally, Royal Bank of Canada upped their price target on shares of Welltower to $76.00 and gave the company a “sector perform” rating in a research note on Thursday, February 21st. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Welltower presently has a consensus rating of “Buy” and an average price target of $73.29.
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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