Raymond James & Associates Reduces Position in Welltower Inc (WELL)

Raymond James & Associates lowered its holdings in shares of Welltower Inc (NYSE:WELL) by 3.9% during the 1st quarter, HoldingsChannel reports. The fund owned 1,405,463 shares of the real estate investment trust’s stock after selling 56,316 shares during the period. Raymond James & Associates’ holdings in Welltower were worth $109,064,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Kaizen Advisory LLC lifted its stake in shares of Welltower by 16.6% in the fourth quarter. Kaizen Advisory LLC now owns 971 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 138 shares in the last quarter. CFO4Life Group LLC lifted its stake in shares of Welltower by 4.2% in the fourth quarter. CFO4Life Group LLC now owns 3,450 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 139 shares in the last quarter. Gilman Hill Asset Management LLC lifted its stake in shares of Welltower by 3.9% in the first quarter. Gilman Hill Asset Management LLC now owns 3,824 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 144 shares in the last quarter. Sigma Planning Corp lifted its stake in shares of Welltower by 1.5% in the fourth quarter. Sigma Planning Corp now owns 10,048 shares of the real estate investment trust’s stock worth $697,000 after buying an additional 149 shares in the last quarter. Finally, Girard Partners LTD. lifted its stake in shares of Welltower by 4.3% in the fourth quarter. Girard Partners LTD. now owns 3,753 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 153 shares in the last quarter. 84.94% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Mercedes Kerr sold 5,000 shares of the business’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 transaction of $372,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by insiders.



Several brokerages have recently issued reports on WELL. Deutsche Bank upped their target price on shares of Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. Morgan Stanley upped their target price on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Mitsubishi UFJ Financial Group upped their target price on shares of Welltower to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 13th. Citigroup upped their target price on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Finally, BMO Capital Markets upgraded shares of Welltower from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $73.00 to $86.00 in a research note on Tuesday, May 7th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $73.29.

Shares of WELL traded up $0.44 during mid-day trading on Wednesday, hitting $78.52. 12,897 shares of the company traded hands, compared to its average volume of 1,411,761. 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 1 year low of $53.53 and a 1 year high of $79.41. The stock has a market capitalization of $31.46 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 3.27 and a beta of 0.43.

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 consensus estimate of $1.02. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts expect that Welltower Inc will post 4.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, May 13th. This represents a $3.48 annualized dividend and a dividend yield of 4.43%. Welltower’s payout ratio is 86.35%.

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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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Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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