Caldwell Sutter Capital Inc. Sells 150 Shares of Welltower Inc. (NYSE:WELL)

Caldwell Sutter Capital Inc. trimmed its holdings in Welltower Inc. (NYSE:WELL) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,535 shares of the real estate investment trust’s stock after selling 150 shares during the period. Caldwell Sutter Capital Inc.’s holdings in Welltower were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Rise Advisors LLC purchased a new stake in Welltower in the 1st quarter valued at $27,000. TruNorth Capital Management LLC bought a new stake in shares of Welltower in the 2nd quarter worth $27,000. Manchester Capital Management LLC raised its holdings in shares of Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 254 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of Welltower during the fourth quarter valued at about $35,000. Finally, Opal Wealth Advisors LLC purchased a new position in Welltower during the first quarter worth about $43,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

NYSE:WELL traded down $0.10 on Wednesday, reaching $116.33. 2,793,663 shares of the company’s stock were exchanged, compared to its average volume of 2,679,698. The firm has a market cap of $69.56 billion, a price-to-earnings ratio of 143.62, a P/E/G ratio of 2.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 3.83. The stock has a fifty day simple moving average of $108.64 and a 200-day simple moving average of $99.57. Welltower Inc. has a 52 week low of $78.38 and a 52 week high of $118.63.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company posted $0.90 EPS. Welltower’s revenue was up 9.6% 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 year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Monday, August 12th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, August 12th. Welltower’s payout ratio is presently 330.86%.

Insider Activity at Welltower

In other news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the transaction, the director now directly owns 14,579 shares in the company, valued at $1,514,903.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on WELL shares. Royal Bank of Canada increased their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. Morgan Stanley boosted their price objective on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. KeyCorp raised their target price on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. Finally, Mizuho boosted their price target on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.88.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.