Suntrust Banks Inc. bought a new stake in Welltower Inc (NYSE:WELL) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 135,427 shares of the real estate investment trust’s stock, valued at approximately $7,370,000.
A number of other large investors have also recently modified their holdings of the stock. Synovus Financial Corp acquired a new stake in Welltower during the first quarter worth approximately $107,000. Motco acquired a new stake in Welltower during the first quarter worth approximately $114,000. Smithfield Trust Co. acquired a new stake in Welltower during the first quarter worth approximately $115,000. Pittenger & Anderson Inc. acquired a new stake in Welltower during the first quarter worth approximately $118,000. Finally, Atlantic Trust Group LLC acquired a new stake in Welltower during the first quarter worth approximately $124,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.
Welltower opened at $59.05 on Monday, Marketbeat Ratings reports. The firm has a market capitalization of $21.87 billion, a P/E ratio of 14.03, a PEG ratio of 2.46 and a beta of 0.23. Welltower Inc has a 1-year low of $49.58 and a 1-year high of $78.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.75 and a current ratio of 1.75.
Welltower (NYSE:WELL) last issued its earnings results on Thursday, April 26th. The real estate investment trust reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.17. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Welltower had a net margin of 14.60% and a return on equity of 5.13%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. analysts forecast that Welltower Inc will post 4.01 earnings per share for the current fiscal year.
In related news, Director Gary Whitelaw acquired 925 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were bought at an average price of $54.18 per share, with a total value of $50,116.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by company insiders.
A number of brokerages have recently commented on WELL. Morgan Stanley cut their target price on shares of Welltower from $70.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, June 14th. ValuEngine cut shares of Welltower from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 6th. Raymond James raised shares of Welltower to an “outperform” rating in a report on Friday, June 1st. BMO Capital Markets raised shares of Welltower from an “underperform” rating to a “market perform” rating and set a $55.00 target price on the stock in a report on Friday, May 18th. Finally, Zacks Investment Research raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Friday, May 4th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. Welltower has a consensus rating of “Hold” and an average target price of $62.86.
Welltower Inc (NYSE:WELL), 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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