TIAA Belief Nationwide Affiliation decreased its place in Welltower Inc. (NYSE:WELL – Free Report) by 20.7% within the 2nd quarter, in response to the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The institutional investor owned 128,848 shares of the true property funding belief’s inventory after promoting 33,609 shares in the course of the quarter. TIAA Belief Nationwide Affiliation’s holdings in Welltower have been price $13,432,000 on the finish of the latest reporting interval.
A lot of different giant buyers additionally just lately made adjustments to their positions within the firm. Rise Advisors LLC bought a brand new stake in Welltower within the first quarter price $27,000. TruNorth Capital Administration LLC bought a brand new stake in Welltower within the 2nd quarter price about $27,000. Manchester Capital Administration LLC lifted its holdings in Welltower by 338.7% in the course of the first quarter. Manchester Capital Administration LLC now owns 329 shares of the true property funding belief’s inventory valued at $31,000 after buying a further 254 shares over the past quarter. Centerpoint Advisors LLC purchased a brand new place in Welltower in the course of the second quarter price about $31,000. Lastly, Scarborough Advisors LLC purchased a brand new stake in shares of Welltower within the fourth quarter valued at roughly $35,000. 94.80% of the inventory is owned by institutional buyers.
Analyst Upgrades and Downgrades
A lot of analysis analysts just lately weighed in on the inventory. Scotiabank lifted their worth goal on shares of Welltower from $116.00 to $121.00 and gave the corporate a “sector outperform” ranking in a analysis observe on Wednesday, August seventh. StockNews.com upgraded Welltower from a “promote” ranking to a “maintain” ranking in a analysis observe on Saturday, August third. Morgan Stanley raised their goal worth on Welltower from $103.00 to $107.50 and gave the inventory an “chubby” ranking in a analysis observe on Thursday, July eleventh. Wolfe Analysis upgraded Welltower to a “strong-buy” ranking in a analysis report on Friday, August ninth. Lastly, Wells Fargo & Firm elevated their worth goal on shares of Welltower from $107.00 to $111.00 and gave the inventory an “chubby” ranking in a report on Thursday, Might thirtieth. 5 analysis analysts have rated the inventory with a maintain ranking, eight have assigned a purchase ranking and two have issued a powerful purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat, Welltower presently has a consensus ranking of “Reasonable Purchase” and a consensus goal worth of $109.58.
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Welltower Worth Efficiency
WELL inventory opened at $122.15 on Wednesday. The corporate has a debt-to-equity ratio of 0.47, a fast ratio of 4.07 and a present ratio of 4.07. The agency has a market cap of $73.04 billion, a P/E ratio of 150.80, a P/E/G ratio of two.79 and a beta of 1.18. The agency’s fifty day shifting common is $111.69 and its 200 day shifting common is $101.62. Welltower Inc. has a 52 week low of $78.38 and a 52 week excessive of $122.36.
Welltower (NYSE:WELL – Get Free Report) final launched its quarterly earnings knowledge on Monday, July twenty ninth. The actual property funding belief reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The agency had income of $1.82 billion in the course of the quarter, in comparison with analyst estimates of $1.89 billion. Welltower had a return on fairness of two.21% and a web margin of 8.36%. The enterprise’s quarterly income was up 9.6% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the agency posted $0.90 earnings per share. Analysis analysts predict that Welltower Inc. will put up 4.19 earnings per share for the present yr.
Welltower Will increase Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Wednesday, August twenty first. Shareholders of document on Monday, August twelfth got a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of two.19%. It is a increase from Welltower’s earlier quarterly dividend of $0.61. The ex-dividend date was Monday, August twelfth. Welltower’s payout ratio is presently 330.86%.
About Welltower
Welltower Inc (NYSE:WELL), a REIT and S&P 500 firm headquartered in Toledo, Ohio, is driving the transformation of well being care infrastructure. Welltower invests with main seniors housing operators, post-acute suppliers and well being methods to fund the true property and infrastructure wanted to scale revolutionary care supply fashions and enhance folks’s wellness and general well being care expertise.
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