Welltower Inc. (NYSE:WELL) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its holdings in Welltower Inc. (NYSE:WELL) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,712 shares of the real estate investment trust’s stock after purchasing an additional 133 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Welltower were worth $876,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WELL. Harbor Capital Advisors Inc. acquired a new position in Welltower in the 1st quarter valued at $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Welltower during the 1st quarter valued at $28,000. Hughes Financial Services LLC purchased a new stake in shares of Welltower during the 1st quarter valued at $31,000. Franchise Capital Ltd purchased a new stake in shares of Welltower during the 1st quarter valued at $32,000. Finally, ZynergyRetirementPlanningLLC purchased a new stake in shares of Welltower during the 1st quarter valued at $33,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at $3,029,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $157.66 on Friday. The company’s 50-day simple moving average is $151.87 and its 200-day simple moving average is $146.24. Welltower Inc. has a one year low of $105.59 and a one year high of $158.55. The stock has a market capitalization of $103.10 billion, a price-to-earnings ratio of 90.61, a PEG ratio of 1.83 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. Equities analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a $0.67 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.70%. Welltower’s dividend payout ratio (DPR) is presently 154.02%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen cut Welltower from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Evercore ISI lifted their price target on shares of Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a research report on Thursday, May 1st. Wedbush reissued an “underperform” rating on shares of Welltower in a research note on Thursday, April 17th. Wells Fargo & Company raised their price objective on Welltower from $158.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. Finally, Scotiabank restated an “outperform” rating on shares of Welltower in a report on Monday, June 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.18.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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.