Caldwell Sutter Capital Inc. Has $264,000 Stake in Welltower Inc. (NYSE:WELL)

Caldwell Sutter Capital Inc. reduced its holdings in Welltower Inc. (NYSE:WELL) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,535 shares of the real estate investment trust’s stock after selling 150 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in Welltower were worth $264,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Fifth Third Wealth Advisors LLC bought a new stake in Welltower during the 2nd quarter worth about $531,000. Atria Wealth Solutions Inc. increased its holdings in shares of Welltower by 13.9% in the second quarter. Atria Wealth Solutions Inc. now owns 16,212 shares of the real estate investment trust’s stock valued at $1,690,000 after purchasing an additional 1,974 shares in the last quarter. Fifth Third Bancorp raised its position in Welltower by 33.7% in the 2nd quarter. Fifth Third Bancorp now owns 56,258 shares of the real estate investment trust’s stock worth $5,865,000 after purchasing an additional 14,165 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Welltower by 7.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 3,437 shares of the real estate investment trust’s stock worth $359,000 after buying an additional 247 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC boosted its position in Welltower by 6.5% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 327,973 shares of the real estate investment trust’s stock valued at $34,191,000 after buying an additional 19,963 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Down 0.1 %

NYSE WELL traded down $0.10 during trading hours on Wednesday, reaching $116.33. 2,793,663 shares of the company’s stock were exchanged, compared to its average volume of 2,679,698. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.83 and a current ratio of 4.07. Welltower Inc. has a one year low of $78.38 and a one year high of $118.63. The company’s 50-day moving average is $108.64 and its two-hundred day moving average is $99.57. The company has a market capitalization of $69.56 billion, a price-to-earnings ratio of 143.62, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.90 earnings per share. On average, analysts forecast that Welltower Inc. will post 4.16 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th will be given a dividend of $0.67 per share. This is a boost from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Monday, August 12th. Welltower’s dividend payout ratio is currently 330.86%.

Wall Street Analysts Forecast Growth

WELL has been the topic of several research reports. Scotiabank upped their price target on Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a research note on Wednesday, August 7th. Evercore ISI upped their target price on shares of Welltower from $95.00 to $97.00 and gave the company an “in-line” rating in a research report on Tuesday, July 16th. Wells Fargo & Company lifted their price target on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Royal Bank of Canada increased their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Finally, Mizuho lifted 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. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $108.88.

Insider Activity at Welltower

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

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.