Flagship Harbor Advisors LLC cut its stake in shares of Welltower Inc (NYSE:WELL) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,522 shares of the real estate investment trust’s stock after selling 194 shares during the period. Flagship Harbor Advisors LLC’s holdings in Welltower were worth $205,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Gilman Hill Asset Management LLC increased its stake in Welltower by 3.9% in the 1st quarter. Gilman Hill Asset Management LLC now owns 3,824 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 144 shares in the last quarter. Wealthstreet Investment Advisors LLC increased its stake in Welltower by 1.6% in the 2nd quarter. Wealthstreet Investment Advisors LLC now owns 9,704 shares of the real estate investment trust’s stock valued at $791,000 after purchasing an additional 150 shares in the last quarter. Resources Investment Advisors Inc. increased its stake in Welltower by 20.9% in the 1st quarter. Resources Investment Advisors Inc. now owns 961 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 166 shares in the last quarter. Strategic Investment Advisors MI increased its stake in Welltower by 5.5% in the 1st quarter. Strategic Investment Advisors MI now owns 3,249 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 168 shares in the last quarter. Finally, Claro Advisors LLC increased its stake in Welltower by 7.0% in the 1st quarter. Claro Advisors LLC now owns 2,691 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 176 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Welltower from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wood & Company reiterated an “average” rating on shares of Welltower in a report on Thursday. Raymond James cut Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price on the stock. in a report on Thursday, June 13th. They noted that the move was a valuation call. Morgan Stanley increased their target price on Welltower from $83.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $86.00 target price on shares of Welltower in a report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $79.84.
Welltower (NYSE:WELL) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.70). Welltower had a net margin of 11.98% and a return on equity of 4.62%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, sell-side analysts predict that Welltower Inc will post 4.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Wednesday, August 14th. Welltower’s payout ratio is 86.35%.
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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