North American Management Corp lessened its holdings in shares of Welltower Inc (NYSE:WELL) by 13.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,530 shares of the real estate investment trust’s stock after selling 8,903 shares during the quarter. North American Management Corp’s holdings in Welltower were worth $4,772,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Ellis Investment Partners LLC bought a new stake in Welltower in the first quarter valued at $27,000. Citizens Financial Group Inc RI bought a new stake in Welltower in the first quarter valued at $30,000. Massey Quick Simon & CO. LLC bought a new stake in Welltower in the first quarter valued at $31,000. Heritage Wealth Advisors boosted its holdings in shares of Welltower by 464.6% during the 1st quarter. Heritage Wealth Advisors now owns 446 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 367 shares in the last quarter. Finally, Gradient Investments LLC boosted its holdings in shares of Welltower by 590.3% during the 2nd quarter. Gradient Investments LLC now owns 497 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.
In other Welltower news, CEO Thomas J. Derosa sold 19,307 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total value of $1,504,015.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is currently owned by insiders.
Welltower (NYSE:WELL) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.70). Welltower had a return on equity of 4.62% and a net margin of 11.98%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the firm posted $1.00 EPS. Welltower’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, analysts forecast that Welltower Inc will post 4.17 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Wednesday, August 14th. Welltower’s dividend payout ratio (DPR) is 86.35%.
A number of analysts have recently commented on the stock. Scotiabank set a $80.00 target price on shares of Welltower and gave the company a “hold” rating in a report on Friday, June 14th. BMO Capital Markets restated a “buy” rating and set a $86.00 target price on shares of Welltower in a report on Monday, August 5th. Raymond James cut shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price on the stock. in a report on Thursday, June 13th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their target price on shares of Welltower from $78.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Welltower presently has an average rating of “Buy” and a consensus target price of $79.12.
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.
Recommended Story: Street Name
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).
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.