D L Carlson Investment Group Inc. Takes $3.32 Million Position in Welltower Inc. (NYSE:WELL)

D L Carlson Investment Group Inc. purchased a new stake in Welltower Inc. (NYSE:WELLFree Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 35,374 shares of the real estate investment trust’s stock, valued at approximately $3,316,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bruce G. Allen Investments LLC acquired a new stake in Welltower during the fourth quarter worth about $25,000. Headlands Technologies LLC grew its position in Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 259 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Welltower during the third quarter worth about $38,000. Salem Investment Counselors Inc. grew its position in Welltower by 84.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 194 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Welltower during the fourth quarter worth about $49,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of NYSE:WELL traded up $0.17 during trading on Friday, reaching $104.04. The stock had a trading volume of 601,778 shares, compared to its average volume of 2,479,548. Welltower Inc. has a 52 week low of $75.86 and a 52 week high of $105.69. The business’s 50-day moving average price is $97.60 and its 200 day moving average price is $92.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The stock has a market capitalization of $62.21 billion, a PE ratio of 128.25, a P/E/G ratio of 2.54 and a beta of 1.16.

Welltower (NYSE:WELLGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. As a group, equities analysts predict that Welltower Inc. will post 4.12 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 13th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.35%. The ex-dividend date was Friday, May 10th. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Insider Buying and Selling

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of Welltower stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WELL. Scotiabank lifted their target price on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. BNP Paribas began coverage on shares of Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price target for the company. Wells Fargo & Company raised their price target on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Finally, Mizuho raised their price target on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average price target of $98.07.

Get Our Latest Stock Report on WELL

About Welltower

(Free Report)

Welltower Inc (NYSE:WELL), a 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 and 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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