What Did This CEO Just Do with Personal Shares of Welltower (NYSE: WELL)?

By Carrie Williams

Today, the Chairman & CEO of Welltower (WELLResearch Report), Thomas Derosa, sold shares of WELL for $1.5M.

Following Thomas Derosa’s last WELL Sell transaction on February 24, 2016, the stock climbed by 25.4%. This is Derosa’s first Sell trade following 3 Buy transactions.

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Based on Welltower’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.27 billion and quarterly net profit of $113 million. In comparison, last year the company earned revenue of $1.1 billion and had a net profit of $111 million. WELL’s market cap is $31.52B and the company has a P/E ratio of 83.43. Currently, Welltower has an average volume of 1.17M.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $81.20, reflecting a 3.2% upside.

The insider sentiment on Welltower has been negative according to 46 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Welltower, Inc. engages in investing with 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.