Parsons Capital Management Inc. RI Purchases New Stake in Welltower (NYSE:WELL)

Parsons Capital Management Inc. RI purchased a new stake in Welltower (NYSE:WELL) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 28,812 shares of the real estate investment trust’s stock, valued at approximately $1,568,000.

A number of other hedge funds also recently bought and sold shares of WELL. Whitnell & Co. purchased a new position in Welltower during the 1st quarter worth approximately $167,000. Carnick & Kubik Group LLC acquired a new stake in shares of Welltower in the 1st quarter valued at approximately $205,000. Essex Financial Services Inc. acquired a new stake in shares of Welltower in the 1st quarter valued at approximately $220,000. CFO4Life Group LLC acquired a new position in Welltower during the first quarter worth $224,000. Finally, Bailard Inc. acquired a new position in Welltower during the first quarter worth $234,000. 87.37% of the stock is currently owned by institutional investors.

WELL has been the subject of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 price target (down from $74.00) on shares of Welltower in a report on Friday, February 23rd. Stephens reissued a “buy” rating and set a $61.00 price target on shares of Welltower in a research report on Tuesday, February 27th. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. TheStreet downgraded Welltower from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research raised Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $63.00.

In other Welltower news, Director Gary Whitelaw bought 925 shares of the stock in a transaction on Tuesday, May 1st. The shares were purchased at an average cost of $54.18 per share, with a total value of $50,116.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth J. Bacon bought 600 shares of the stock in a transaction on Thursday, March 15th. The shares were acquired at an average cost of $53.63 per share, for a total transaction of $32,178.00. The disclosure for this purchase can be found here. Insiders have acquired 3,387 shares of company stock worth $182,116 over the last three months. Company insiders own 0.17% of the company’s stock.

Shares of NYSE:WELL opened at $53.93 on Friday. Welltower has a one year low of $54.67 and a one year high of $55.26. The firm has a market cap of $20.40 billion, a PE ratio of 12.81, a P/E/G ratio of 2.28 and a beta of 0.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.75 and a quick ratio of 1.75.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 23rd. Shareholders of record on Tuesday, May 8th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 6.45%. The ex-dividend date is Monday, May 7th. Welltower’s payout ratio is 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.

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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