Community Bank & Trust Waco Texas Sells 120 Shares of Welltower Inc. (NYSE:WELL)

Community Bank & Trust Waco Texas lessened its position in Welltower Inc. (NYSE:WELL) by 1.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,323 shares of the real estate investment trust’s stock after selling 120 shares during the period. Community Bank & Trust Waco Texas’ holdings in Welltower were worth $868,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in Welltower during the 1st quarter worth approximately $27,000. TruNorth Capital Management LLC purchased a new stake in Welltower in the 2nd quarter valued at $27,000. Manchester Capital Management LLC lifted its stake in Welltower by 338.7% during the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares in the last quarter. Centerpoint Advisors LLC purchased a new position in Welltower during the 2nd quarter worth $31,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Welltower in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WELL shares. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Mizuho increased their price target on shares of Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Wedbush lifted their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. KeyCorp lifted their price target on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Finally, Scotiabank increased their price objective on Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.58.

Welltower Price Performance

Shares of WELL stock traded up $2.07 on Wednesday, reaching $124.13. The company’s stock had a trading volume of 1,170,413 shares, compared to its average volume of 2,678,158. The company has a market capitalization of $74.22 billion, a P/E ratio of 150.69, a PEG ratio of 2.79 and a beta of 1.18. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $124.59. The stock’s 50 day simple moving average is $111.69 and its 200-day simple moving average is $101.62. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47.

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 the consensus estimate of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Welltower’s revenue was up 9.6% on a year-over-year basis. As a group, equities analysts predict that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a $0.67 dividend. This is an increase from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.16%. Welltower’s payout ratio is presently 330.86%.

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.