Welltower Inc (WELL) CEO Sells $1,504,015.30 in Stock
Welltower Inc (NYSE:WELL) CEO Thomas J. Derosa sold 19,307 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $77.90, for a total value of $1,504,015.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE:WELL traded up $1.59 during midday trading on Thursday, reaching $79.67. 605,274 shares of the company’s stock traded hands, compared to its average volume of 2,113,796. Welltower Inc has a 1 year low of $53.53 and a 1 year high of $79.41. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $31.46 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 3.27 and a beta of 0.43.
Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the company earned $0.99 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts expect that Welltower Inc will post 4.2 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of WELL. Kore Private Wealth LLC acquired a new stake in shares of Welltower in the 1st quarter worth $129,000. Kiwi Wealth Investments Limited Partnership increased its stake in shares of Welltower by 21.2% in the 1st quarter. Kiwi Wealth Investments Limited Partnership now owns 133,064 shares of the real estate investment trust’s stock worth $10,326,000 after acquiring an additional 23,274 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in shares of Welltower in the 1st quarter worth $491,000. Zimmer Partners LP acquired a new stake in shares of Welltower in the 1st quarter worth $313,116,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Welltower in the 1st quarter worth $605,000. 84.94% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the company. BMO Capital Markets upgraded Welltower from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $73.00 to $86.00 in a research report on Tuesday, May 7th. Deutsche Bank upped their price objective on Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Morgan Stanley upped their price objective on Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Raymond James increased their target price on Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. They noted that the move was a valuation call. Finally, Royal Bank of Canada increased their target price on Welltower to $76.00 and gave the company a “sector perform” rating in a research report on Thursday, February 21st. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $73.29.
TRADEMARK VIOLATION WARNING: “Welltower Inc (WELL) CEO Sells $1,504,015.30 in Stock” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://theolympiareport.com/2019/05/16/welltower-inc-well-ceo-sells-1504015-30-in-stock.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: Hedge Funds – Risk or Reward?
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.