Trust Co. of Toledo NA OH increased its position in Welltower Inc (NYSE:WELL) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,611 shares of the real estate investment trust’s stock after purchasing an additional 361 shares during the quarter. Welltower makes up 1.8% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 9th biggest position. Trust Co. of Toledo NA OH’s holdings in Welltower were worth $7,186,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc bought a new position in Welltower during the third quarter worth about $3,075,144,000. Norges Bank bought a new position in Welltower during the fourth quarter worth about $248,512,000. Oregon Public Employees Retirement Fund boosted its holdings in Welltower by 6,756.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,807,357 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 2,766,411 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in Welltower by 9.6% during the fourth quarter. Cohen & Steers Inc. now owns 24,865,579 shares of the real estate investment trust’s stock worth $1,725,920,000 after buying an additional 2,173,416 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Welltower by 154.5% during the first quarter. American Century Companies Inc. now owns 3,020,615 shares of the real estate investment trust’s stock worth $234,400,000 after buying an additional 1,833,933 shares during the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.
A number of equities analysts have issued reports on the company. Scotiabank set a $80.00 target price on Welltower and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets restated a “hold” rating and set a $73.00 target price on shares of Welltower in a report on Wednesday, May 1st. Raymond James cut Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 price objective on the stock. in a report on Thursday. They noted that the move was a valuation call. Deutsche Bank lifted their price objective on Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a report on Friday, March 29th. Finally, Royal Bank of Canada lifted their price objective on Welltower to $76.00 and gave the company a “sector perform” rating in a report on Thursday, February 21st. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $74.02.
NYSE:WELL opened at $82.28 on Monday. Welltower Inc has a fifty-two week low of $56.60 and a fifty-two week high of $83.87. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.79. The stock has a market cap of $33.32 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 4.04 and a beta of 0.30.
Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the business posted $0.99 EPS. Welltower’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Welltower Inc will post 4.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Monday, May 13th. Welltower’s dividend payout ratio (DPR) is presently 86.35%.
In other Welltower news, CEO Thomas J. Derosa sold 19,307 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total value of $1,504,015.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.15% of the company’s stock.
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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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