Welltower Inc (WELL) Shares Sold by Maple Capital Management Inc.

Maple Capital Management Inc. lessened its stake in shares of Welltower Inc (NYSE:WELL) by 15.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,153 shares of the real estate investment trust’s stock after selling 1,490 shares during the period. Maple Capital Management Inc.’s holdings in Welltower were worth $566,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc purchased a new stake in shares of Welltower in the 3rd quarter valued at $3,075,144,000. Vanguard Group Inc. purchased a new stake in shares of Welltower in the 3rd quarter valued at $3,075,144,000. BlackRock Inc. purchased a new stake in shares of Welltower in the 3rd quarter valued at $2,461,568,000. Cohen & Steers Inc. purchased a new stake in shares of Welltower in the 3rd quarter valued at $1,459,560,000. Finally, FMR LLC purchased a new stake in shares of Welltower in the 3rd quarter valued at $473,389,000. 89.36% of the stock is currently owned by institutional investors.

WELL opened at $77.29 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.89. Welltower Inc has a 1 year low of $49.58 and a 1 year high of $78.24. The firm has a market capitalization of $29.95 billion, a P/E ratio of 19.18, a PEG ratio of 3.25 and a beta of 0.46.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, February 12th. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.02). Welltower had a net margin of 17.14% and a return on equity of 6.28%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.26 billion. The company’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts forecast that Welltower Inc will post 4.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Friday, February 22nd were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Thursday, February 21st. Welltower’s dividend payout ratio is currently 86.35%.

Several analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Welltower from $67.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, December 17th. Raymond James upped their price objective on shares of Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, February 26th. They noted that the move was a valuation call. upped their price objective on shares of Welltower from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, December 5th. ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Finally, Mitsubishi UFJ Financial Group upped their price objective on shares of Welltower to $82.00 and gave the company an “overweight” rating in a report on Wednesday, February 13th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $70.85.

In related news, EVP Mercedes Kerr sold 5,000 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $74.50, for a total value of $372,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.17% of the company’s stock.

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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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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