Semmax Financial Advisors Inc. grew its stake in Welltower Inc (NYSE:WELL) by 23.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 24,730 shares of the real estate investment trust’s stock after buying an additional 4,683 shares during the quarter. Welltower comprises 1.3% of Semmax Financial Advisors Inc.’s portfolio, making the stock its 18th largest holding. Semmax Financial Advisors Inc.’s holdings in Welltower were worth $1,919,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Orrstown Financial Services Inc. acquired a new stake in shares of Welltower during the 1st quarter worth about $25,000. Clarfeld Financial Advisors LLC acquired a new stake in shares of Welltower during the 4th quarter worth about $27,000. JNBA Financial Advisors acquired a new stake in shares of Welltower during the 4th quarter worth about $28,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Welltower during the 1st quarter worth about $31,000. Finally, Heritage Wealth Advisors raised its position in shares of Welltower by 464.6% during the 1st quarter. Heritage Wealth Advisors now owns 446 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 367 shares in the last quarter. Institutional investors and hedge funds own 84.94% of the company’s stock.
Several equities research analysts have recently weighed in on WELL shares. Morgan Stanley raised their target price on Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Citigroup lifted their price target on Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Royal Bank of Canada lifted their price target on Welltower to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 21st. Mitsubishi UFJ Financial Group lifted their price target on Welltower to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 13th. Finally, Raymond James lifted their price target on Welltower from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Welltower presently has an average rating of “Buy” and a consensus target price of $73.29.
Welltower (NYSE:WELL) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.02. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. Equities analysts predict that Welltower Inc will post 4.2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Monday, May 13th. Welltower’s payout ratio is currently 86.35%.
In other news, CEO Thomas J. Derosa sold 19,307 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total value of $1,504,015.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mercedes Kerr sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $74.50, for a total value of $372,500.00. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Semmax Financial Advisors Inc. Buys 4,683 Shares of Welltower Inc (WELL)” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://sportsperspectives.com/2019/05/19/semmax-financial-advisors-inc-buys-4683-shares-of-welltower-inc-well.html.
Welltower Company Profile
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.
Further Reading: Why do companies engage in swaps?
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.