Carr Financial Group Corp Has $303,000 Holdings in Welltower Inc. (NYSE:WELL)

Carr Financial Group Corp cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 12.9% during the first quarter, Holdings Channel reports. The fund owned 1,979 shares of the real estate investment trust’s stock after selling 292 shares during the period. Carr Financial Group Corp’s holdings in Welltower were worth $303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geller Advisors LLC raised its holdings in shares of Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 69 shares during the last quarter. Good Life Advisors LLC grew its stake in shares of Welltower by 1.2% during the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust’s stock valued at $880,000 after purchasing an additional 69 shares during the last quarter. Sivia Capital Partners LLC raised its position in Welltower by 4.3% in the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 73 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in Welltower by 1.8% in the 1st quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust’s stock worth $678,000 after purchasing an additional 77 shares during the last quarter. Finally, CVA Family Office LLC lifted its holdings in Welltower by 12.3% during the 1st quarter. CVA Family Office LLC now owns 733 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 80 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WELL. Morgan Stanley lifted their target price on Welltower from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Wells Fargo & Company boosted their price objective on Welltower from $158.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Mizuho raised their target price on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Royal Bank Of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Finally, Evercore ISI raised their price objective on shares of Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $163.25.

Welltower Trading Up 0.8%

Shares of NYSE WELL opened at $153.06 on Friday. Welltower Inc. has a twelve month low of $100.13 and a twelve month high of $158.55. The stock has a market cap of $100.09 billion, a price-to-earnings ratio of 87.97, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average is $149.61 and its 200-day moving average is $142.69.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. Welltower’s revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share. Equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. Welltower’s payout ratio is presently 154.02%.

Welltower Company 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.