Spirit of America Management Corp NY Has $2.07 Million Stake in Welltower Inc (WELL)

Spirit of America Management Corp NY lifted its position in shares of Welltower Inc (NYSE:WELL) by 5.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,700 shares of the real estate investment trust’s stock after purchasing an additional 1,300 shares during the period. Spirit of America Management Corp NY’s holdings in Welltower were worth $2,072,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Orrstown Financial Services Inc. purchased a new stake in shares of Welltower during the first quarter worth about $25,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of Welltower during the fourth quarter worth about $27,000. JNBA Financial Advisors purchased a new stake in shares of Welltower during the fourth quarter worth about $28,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Welltower during the first quarter worth about $31,000. Finally, Portfolio Solutions LLC purchased a new stake in shares of Welltower during the fourth quarter worth about $34,000. Institutional investors own 84.87% of the company’s stock.

Shares of WELL traded down $1.52 on Wednesday, hitting $72.21. 618,041 shares of the stock traded hands, compared to its average volume of 1,949,169. The company has a market capitalization of $30.55 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 3.20 and a beta of 0.46. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.89. Welltower Inc has a one year low of $49.58 and a one year high of $79.41.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $1.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.02). The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.26 billion. Welltower had a net margin of 17.14% and a return on equity of 6.28%. Welltower’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts expect that Welltower Inc will post 4.18 EPS for the current year.

In other Welltower news, EVP Mercedes Kerr sold 5,000 shares of Welltower 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

WELL has been the subject of a number of analyst reports. Deutsche Bank increased their target price on shares of Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a report on Friday, March 29th. Citigroup raised their price objective on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Raymond James raised their price objective on shares of Welltower from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, Mitsubishi UFJ Financial Group raised their price objective on shares of Welltower to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, February 13th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $71.29.

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Welltower 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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