Moseley Investment Management Inc. purchased a new position in Welltower Inc. (NYSE:WELL) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,670 shares of the real estate investment trust’s stock, valued at approximately $222,000.
Other large investors also recently bought and sold shares of the company. Perkins Coie Trust Co acquired a new position in shares of Welltower during the second quarter valued at approximately $25,000. SRS Capital Advisors Inc. acquired a new position in Welltower in the 2nd quarter valued at $29,000. FFT Wealth Management LLC purchased a new position in Welltower in the 2nd quarter valued at $36,000. tru Independence LLC acquired a new stake in Welltower during the 2nd quarter worth $41,000. Finally, Tarbox Family Office Inc. grew its holdings in shares of Welltower by 350.9% during the second quarter. Tarbox Family Office Inc. now owns 514 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 400 shares in the last quarter. Institutional investors own 93.51% of the company’s stock.
WELL has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Welltower from $86.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, September 13th. Wells Fargo & Company boosted their target price on Welltower from $78.00 to $89.00 and gave the stock an “equal weight” rating in a report on Friday, July 23rd. Berenberg Bank upgraded Welltower from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, August 3rd. Scotiabank upgraded Welltower from a “sector underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $68.00 to $83.00 in a research report on Wednesday, June 23rd. Finally, BMO Capital Markets upgraded Welltower from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a report on Thursday, August 26th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $83.55.
Welltower (NYSE:WELL) last posted its earnings results on Thursday, July 29th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.71). Welltower had a net margin of 13.49% and a return on equity of 4.76%. As a group, sell-side analysts expect that Welltower Inc. will post 3.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 19th. Stockholders of record on Thursday, August 12th were paid a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, August 11th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.85%. Welltower’s payout ratio is presently 68.54%.
Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.
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