Short Interest in Welltower Inc. (NYSE:WELL) Rises By 21.7%

Welltower Inc. (NYSE:WELLGet Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 10,100,000 shares, an increase of 21.7% from the May 15th total of 8,300,000 shares. Based on an average daily trading volume, of 2,410,000 shares, the days-to-cover ratio is presently 4.2 days.

Insider Activity at Welltower

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

Institutional Trading of Welltower

Institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Welltower in the 4th quarter valued at $2,453,039,000. Capital International Investors grew its holdings in shares of Welltower by 26.4% during the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock worth $2,731,842,000 after buying an additional 6,104,064 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Welltower by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock valued at $7,748,369,000 after buying an additional 5,173,079 shares during the last quarter. Zimmer Partners LP purchased a new position in shares of Welltower in the first quarter worth about $309,917,000. Finally, Invesco Ltd. boosted its position in Welltower by 22.9% during the third quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust’s stock worth $695,223,000 after acquiring an additional 1,581,084 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WELL. Mizuho boosted their target price on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Wells Fargo & Company raised their target price on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. BNP Paribas started coverage on Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Friday. Finally, Scotiabank lifted their target price on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average target price of $98.07.

Get Our Latest Analysis on WELL

Welltower Price Performance

Shares of Welltower stock traded up $0.17 during trading hours on Friday, reaching $104.04. The stock had a trading volume of 1,859,543 shares, compared to its average volume of 2,233,425. Welltower has a twelve month low of $75.86 and a twelve month high of $105.69. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $62.21 billion, a PE ratio of 128.44, a PEG ratio of 2.56 and a beta of 1.16. The stock’s 50 day moving average is $97.84 and its 200 day moving average is $93.02.

Welltower (NYSE:WELLGet Free Report) last announced its quarterly earnings results 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). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. Welltower’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. Equities analysts expect that Welltower will post 4.12 earnings per share for the current fiscal year.

Welltower Dividend Announcement

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

About Welltower

(Get 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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