Moloney Securities Asset Management LLC lowered its stake in Welltower Inc (NYSE:WELL) by 8.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,697 shares of the real estate investment trust’s stock after selling 1,842 shares during the period. Moloney Securities Asset Management LLC’s holdings in Welltower were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Orrstown Financial Services Inc. purchased a new stake in Welltower during the 1st quarter valued at $25,000. Clarfeld Financial Advisors LLC purchased a new stake in Welltower during the 4th quarter valued at $27,000. Ellis Investment Partners LLC purchased a new stake in Welltower during the 1st quarter valued at $27,000. JNBA Financial Advisors purchased a new stake in Welltower during the 4th quarter valued at $28,000. Finally, Massey Quick Simon & CO. LLC purchased a new stake in Welltower during the 1st quarter valued at $31,000. Institutional investors own 86.04% of the company’s stock.
In other news, EVP Mercedes Kerr sold 5,000 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $74.50, for a total transaction of $372,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is owned by corporate insiders.
Several analysts have commented on the company. BMO Capital Markets reiterated a “hold” rating and set a $73.00 target price on shares of Welltower in a research note on Wednesday, May 1st. Deutsche Bank increased their target price on Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Friday, March 29th. Raymond James increased their target price on Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, February 26th. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group increased their target price on Welltower to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, February 13th. Finally, Royal Bank of Canada increased their target price on Welltower to $76.00 and gave the company a “sector perform” rating in a research note on Thursday, February 21st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.29.
NYSE WELL opened at $77.53 on Friday. The firm has a market cap of $31.40 billion, a PE ratio of 19.24, a PEG ratio of 3.23 and a beta of 0.43. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.79. Welltower Inc has a 1-year low of $53.53 and a 1-year high of $79.41.
Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the consensus estimate of $1.02. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. As a group, analysts forecast that Welltower Inc will post 4.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, May 13th. This represents a $3.48 annualized dividend and a dividend yield of 4.49%. Welltower’s payout ratio is 86.35%.
COPYRIGHT VIOLATION WARNING: This piece was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://transcriptdaily.com/2019/05/11/moloney-securities-asset-management-llc-sells-1842-shares-of-welltower-inc-well.html.
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.
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.