5,810 Shares in Welltower Inc. (NYSE:WELL) Bought by Cullinan Associates Inc.

Cullinan Associates Inc. bought a new position in shares of Welltower Inc. (NYSE:WELL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,810 shares of the real estate investment trust’s stock, valued at approximately $543,000.

Several other large investors have also bought and sold shares of WELL. Federated Hermes Inc. raised its position in Welltower by 16.5% during the 3rd quarter. Federated Hermes Inc. now owns 9,705 shares of the real estate investment trust’s stock worth $795,000 after purchasing an additional 1,372 shares during the last quarter. Bank of Nova Scotia raised its position in Welltower by 17.5% during the 3rd quarter. Bank of Nova Scotia now owns 47,200 shares of the real estate investment trust’s stock worth $3,867,000 after purchasing an additional 7,029 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Welltower in the 3rd quarter worth about $2,621,000. Insigneo Advisory Services LLC bought a new position in shares of Welltower in the 3rd quarter worth about $241,000. Finally, AQR Capital Management LLC raised its position in shares of Welltower by 8.3% in the 3rd quarter. AQR Capital Management LLC now owns 105,286 shares of the real estate investment trust’s stock worth $8,625,000 after acquiring an additional 8,106 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Insider Activity

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the 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 transaction, the director now directly owns 14,579 shares of the company’s stock, valued at $1,514,903.89. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WELL has been the subject of several research analyst reports. KeyCorp lifted their price objective on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. BNP Paribas initiated coverage on Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective for the company. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Mizuho boosted their target price on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and an average price target of $99.50.

Welltower Stock Performance

WELL stock opened at $105.97 on Wednesday. The firm has a market cap of $63.36 billion, a PE ratio of 130.83, a P/E/G ratio of 2.57 and a beta of 1.18. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $100.63 and a 200-day moving average of $94.14. Welltower Inc. has a 12-month low of $77.90 and a 12-month high of $105.98.

Welltower (NYSE:WELL) last released its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) 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 the consensus estimate of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The business’s revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, sell-side analysts expect that Welltower Inc. will post 4.12 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Friday, May 10th. Welltower’s dividend payout ratio is presently 301.23%.

Welltower Company 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.