Toronto Dominion Bank reduced its stake in Welltower Inc (NYSE:WELL) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 318,646 shares of the real estate investment trust’s stock after selling 44,075 shares during the period. Toronto Dominion Bank owned 0.08% of Welltower worth $25,972,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI acquired a new position in shares of Welltower in the first quarter valued at $30,000. Heritage Wealth Advisors grew its stake in Welltower by 464.6% during the first quarter. Heritage Wealth Advisors now owns 446 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 367 shares in the last quarter. Gradient Investments LLC lifted its holdings in shares of Welltower by 590.3% in the second quarter. Gradient Investments LLC now owns 497 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 425 shares during the last quarter. Trustcore Financial Services LLC lifted its holdings in shares of Welltower by 674.3% in the first quarter. Trustcore Financial Services LLC now owns 542 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 472 shares during the last quarter. Finally, Advisory Alpha LLC bought a new position in shares of Welltower in the first quarter worth about $45,000. Hedge funds and other institutional investors own 89.26% of the company’s stock.
A number of analysts have weighed in on the stock. Raymond James downgraded shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price for the company. in a research report on Thursday, June 13th. They noted that the move was a valuation call. Stifel Nicolaus increased their target price on shares of Welltower from $87.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley increased their target price on shares of Welltower from $83.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. Scotiabank set a $80.00 target price on shares of Welltower and gave the company a “hold” rating in a research report on Friday, June 14th. Finally, Wood & Company reissued an “average” rating on shares of Welltower in a research report on Thursday, August 22nd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $80.39.
Welltower (NYSE:WELL) last announced 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). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Welltower had a return on equity of 4.62% and a net margin of 11.98%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $1.00 EPS. As a group, sell-side analysts expect that Welltower Inc will post 4.16 EPS for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Wednesday, August 14th. Welltower’s dividend payout ratio (DPR) 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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