AMF Tjanstepension AB Sells 104,124 Shares of Welltower Inc. (NYSE:WELL)

AMF Tjanstepension AB cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 61.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,458 shares of the real estate investment trust’s stock after selling 104,124 shares during the period. AMF Tjanstepension AB’s holdings in Welltower were worth $6,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WELL. Bruce G. Allen Investments LLC bought a new stake in shares of Welltower in the fourth quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in shares of Welltower in the first quarter valued at about $27,000. Scarborough Advisors LLC acquired a new stake in shares of Welltower in the fourth quarter valued at about $35,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Welltower in the third quarter valued at about $38,000. Finally, Salem Investment Counselors Inc. increased its position in shares of 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 during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was 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 directly owns 14,579 shares in the company, valued at $1,514,903.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on WELL shares. BNP Paribas started 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. Mizuho boosted their price target on 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 boosted their price target on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Scotiabank boosted their price target on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Five research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.07.

Welltower Trading Up 1.0 %

Shares of WELL stock opened at $104.42 on Friday. 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 market cap of $62.43 billion, a P/E ratio of 128.91, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. The stock has a 50 day simple moving average of $100.38 and a 200 day simple moving average of $93.99. Welltower Inc. has a 1 year low of $77.90 and a 1 year high of $105.69.

Welltower (NYSE:WELL) last released its 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). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, research analysts predict that Welltower Inc. will post 4.12 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s payout ratio is presently 301.23%.

Welltower Profile

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.