Moody National Bank Trust Division Cuts Stake in Welltower Inc. (NYSE:WELL)

Moody National Bank Trust Division trimmed its stake in Welltower Inc. (NYSE:WELLFree Report) by 26.7% in the first quarter, Holdings Channel.com reports. The firm owned 3,164 shares of the real estate investment trust’s stock after selling 1,150 shares during the quarter. Moody National Bank Trust Division’s holdings in Welltower were worth $296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WELL. Bruce G. Allen Investments LLC purchased a new stake in shares of Welltower during the 4th quarter valued at $25,000. Scarborough Advisors LLC acquired a new position in Welltower during the 4th quarter worth approximately $35,000. Financial Gravity Asset Management Inc. purchased a new position in Welltower in the 3rd quarter worth approximately $38,000. Salem Investment Counselors Inc. grew its position in Welltower by 84.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 194 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Welltower during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Activity

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were 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 owns 14,579 shares in the company, valued at approximately $1,514,903.89. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WELL. Scotiabank raised their price target on shares of Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Mizuho lifted their target price on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. Wells Fargo & Company raised their price objective on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Finally, BNP Paribas initiated coverage on Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.07.

View Our Latest Report on Welltower

Welltower Stock Performance

WELL traded up $0.15 on Wednesday, hitting $103.94. 2,172,606 shares of the company’s stock were exchanged, compared to its average volume of 2,235,721. 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 stock has a fifty day moving average of $98.32 and a two-hundred day moving average of $93.26. Welltower Inc. has a twelve month low of $75.86 and a twelve month high of $105.69. The firm has a market cap of $62.15 billion, a PE ratio of 128.32, a P/E/G ratio of 2.56 and a beta of 1.16.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, research analysts anticipate that Welltower Inc. will post 4.12 earnings per share for the current fiscal year.

Welltower Announces Dividend

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

Welltower Company Profile

(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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