Bamco Inc. NY Has $63.11 Million Holdings in Welltower Inc. (NYSE:WELL)

Bamco Inc. NY reduced its stake in shares of Welltower Inc. (NYSE:WELL) by 1.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 675,363 shares of the real estate investment trust’s stock after selling 9,152 shares during the quarter. Bamco Inc. NY’s holdings in Welltower were worth $63,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Trueblood Wealth Management LLC increased its holdings in Welltower by 1.2% in the 1st quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock valued at $847,000 after buying an additional 109 shares during the period. First Horizon Advisors Inc. increased its holdings in Welltower by 21.2% in the 4th quarter. First Horizon Advisors Inc. now owns 691 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 121 shares during the period. Graypoint LLC grew its holdings in shares of Welltower by 4.8% in the 1st quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 122 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Welltower by 2.4% in the 1st quarter. Wedmont Private Capital now owns 5,156 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 123 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in shares of Welltower by 4.5% in the 1st quarter. HBK Sorce Advisory LLC now owns 2,871 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 124 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. KeyCorp upped their target price on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Evercore ISI upped their target price on shares of Welltower from $95.00 to $97.00 and gave the stock an “in-line” rating in a report on Tuesday, July 16th. Mizuho upped their target price on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Wells Fargo & Company upped their target price on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Finally, Morgan Stanley upped their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $101.32.

Welltower Trading Up 1.2 %

Welltower stock traded up $1.29 during trading hours on Friday, reaching $109.78. 2,104,674 shares of the company’s stock traded hands, compared to its average volume of 2,810,044. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. Welltower Inc. has a fifty-two week low of $78.38 and a fifty-two week high of $111.85. The firm has a market capitalization of $65.64 billion, a price-to-earnings ratio of 135.53, a PEG ratio of 2.70 and a beta of 1.18. The firm’s 50 day moving average is $104.21 and its 200-day moving average is $96.35.

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 analysts’ consensus estimates of $0.94 by ($0.72). Welltower had a net margin of 6.37% and a return on equity of 1.77%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, analysts predict that Welltower Inc. will post 4.13 earnings per share for the current 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 given a dividend of $0.61 per share. The ex-dividend date was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a yield of 2.22%. Welltower’s payout ratio is presently 301.23%.

Insider Activity at Welltower

In related news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the sale, the director now directly owns 14,579 shares in the company, valued at approximately $1,514,903.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

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.