Redwood Investment Management LLC Takes $237,000 Position in Welltower (WELL)

Redwood Investment Management LLC acquired a new stake in Welltower (NYSE:WELL) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 4,359 shares of the real estate investment trust’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of WELL. Synovus Financial Corp bought a new stake in Welltower in the 1st quarter valued at $107,000. Motco acquired a new stake in Welltower in the 1st quarter valued at $114,000. Pittenger & Anderson Inc. acquired a new stake in Welltower in the 1st quarter valued at $118,000. Tiverton Asset Management LLC acquired a new stake in Welltower in the 1st quarter valued at $130,000. Finally, Focused Wealth Management Inc acquired a new stake in Welltower in the 1st quarter valued at $146,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

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In related news, Director Kenneth J. Bacon purchased 600 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average price of $53.63 per share, for a total transaction of $32,178.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gary Whitelaw purchased 925 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The stock was bought at an average price of $54.18 per share, for a total transaction of $50,116.50. The disclosure for this purchase can be found here. Insiders have bought a total of 3,387 shares of company stock worth $182,116 over the last 90 days. 0.17% of the stock is owned by company insiders.

Several equities research analysts have issued reports on WELL shares. Hilliard Lyons upgraded shares of Welltower from an “underperform” rating to a “neutral” rating in a research note on Friday, April 27th. BMO Capital Markets upgraded shares of Welltower from an “underperform” rating to a “market perform” rating and set a $55.00 price target on the stock in a research note on Friday, May 18th. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. Zacks Investment Research upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 price target (down from $74.00) on shares of Welltower in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $62.85.

Welltower stock opened at $55.68 on Wednesday. The stock has a market cap of $20.53 billion, a PE ratio of 13.23, a PEG ratio of 2.29 and a beta of 0.18. Welltower has a fifty-two week low of $49.58 and a fifty-two week high of $78.17. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.79.

Welltower (NYSE:WELL) last released its quarterly earnings data on Thursday, April 26th. The real estate investment trust reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.17. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Welltower had a net margin of 14.60% and a return on equity of 5.13%. Welltower’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. research analysts expect that Welltower will post 4.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 23rd. Stockholders of record on Tuesday, May 8th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, May 7th. This represents a $3.48 annualized dividend and a dividend yield of 6.25%. Welltower’s dividend payout ratio is presently 82.66%.

Welltower Profile

Welltower Inc (NYSE:HCN), 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.

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