Cullinan Associates Inc. Invests $543,000 in Welltower Inc. (NYSE:WELL)

Cullinan Associates Inc. purchased a new position in Welltower Inc. (NYSE:WELL) during the 1st quarter, HoldingsChannel reports. The fund purchased 5,810 shares of the real estate investment trust’s stock, valued at approximately $543,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Holdings Inc. purchased a new position in shares of Welltower in the fourth quarter worth about $8,857,000. Nordea Investment Management AB lifted its stake in shares of Welltower by 1,412.2% in the fourth quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock worth $54,062,000 after buying an additional 555,353 shares in the last quarter. TCW Group Inc. lifted its stake in shares of Welltower by 26.6% in the fourth quarter. TCW Group Inc. now owns 89,564 shares of the real estate investment trust’s stock worth $8,085,000 after buying an additional 18,807 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Welltower by 7.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock worth $91,955,000 after buying an additional 72,968 shares in the last quarter. Finally, Harbour Trust & Investment Management Co purchased a new position in Welltower during the fourth quarter worth about $5,409,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Kenneth J. Bacon sold 1,800 shares of the company’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 completion of the transaction, the director now owns 14,579 shares in the company, valued at approximately $1,514,903.89. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Mizuho lifted their target price on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Wells Fargo & Company lifted their target price on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research note on Sunday. Scotiabank lifted their target price on shares of Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Finally, BNP Paribas assumed coverage on shares of Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $99.50.

Welltower Price Performance

Welltower stock opened at $105.97 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The company has a market capitalization of $63.36 billion, a price-to-earnings ratio of 130.83, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company’s 50 day simple moving average is $100.63 and its 200-day simple moving average is $94.14. Welltower Inc. has a 1 year low of $77.90 and a 1 year high of $105.98.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. As a group, equities research analysts expect that Welltower Inc. will post 4.12 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.30%. The ex-dividend date was Friday, May 10th. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

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.