Welltower Inc. (NYSE:WELL) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. lowered its stake in Welltower Inc. (NYSE:WELL) by 3.6% during the first quarter, Holdings Channel.com reports. The firm owned 12,676 shares of the real estate investment trust’s stock after selling 471 shares during the quarter. Wesbanco Bank Inc.’s holdings in Welltower were worth $1,942,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Roxbury Financial LLC acquired a new stake in shares of Welltower during the 4th quarter worth about $26,000. Franchise Capital Ltd acquired a new stake in shares of Welltower during the 1st quarter worth about $32,000. Sierra Ocean LLC acquired a new stake in shares of Welltower during the 4th quarter worth about $28,000. Versant Capital Management Inc raised its position in shares of Welltower by 27.0% during the 1st quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 81 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Welltower during the 4th quarter worth about $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WELL. Wedbush reissued an “underperform” rating on shares of Welltower in a research report on Thursday, April 17th. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Morgan Stanley raised their target price on Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Bank of America raised their target price on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company lifted their price target on Welltower from $158.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.25.

Welltower Trading Down 2.8%

WELL opened at $150.19 on Tuesday. The firm has a market cap of $98.22 billion, a price-to-earnings ratio of 96.28, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. Welltower Inc. has a 52 week low of $100.13 and a 52 week high of $158.55. The business’s 50 day moving average is $147.98 and its two-hundred day moving average is $141.98. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $1.01 EPS. The company’s revenue was up 30.3% on a year-over-year basis. On average, research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a $0.67 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. Welltower’s dividend payout ratio (DPR) is currently 154.02%.

Welltower Profile

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.