Resona Asset Management Co. Ltd. purchased a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 342,014 shares of the real estate investment trust's stock, valued at approximately $42,856,000. Resona Asset Management Co. Ltd. owned approximately 0.05% of Welltower at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Laurel Wealth Advisors LLC bought a new stake in shares of Welltower in the 4th quarter valued at approximately $25,000. Roxbury Financial LLC bought a new stake in Welltower during the fourth quarter valued at $26,000. Sierra Ocean LLC acquired a new stake in shares of Welltower during the fourth quarter worth $28,000. Versant Capital Management Inc lifted its position in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after buying an additional 187 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of Welltower in the 4th quarter valued at about $50,000. Institutional investors own 94.80% of the company's stock.
Wall Street Analysts Forecast Growth
WELL has been the topic of a number of recent research reports. Raymond James raised their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. Scotiabank upped their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Thursday, March 6th. Bank of America boosted their price objective on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Wedbush raised shares of Welltower from a "neutral" rating to an "outperform" rating and increased their target price for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, Evercore ISI lifted their price target on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $156.46.
Check Out Our Latest Stock Analysis on Welltower
Welltower Stock Down 0.6 %
Welltower stock traded down $0.91 during mid-day trading on Thursday, hitting $140.58. 1,143,007 shares of the company's stock were exchanged, compared to its average volume of 2,860,803. The stock has a market cap of $91.15 billion, a P/E ratio of 89.55, a P/E/G ratio of 2.87 and a beta of 0.93. The stock has a 50 day moving average of $147.84 and a two-hundred day moving average of $136.71. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48.
Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.91%. Welltower's payout ratio is presently 171.79%.
About Welltower
(
Free Report)
Welltower Inc NYSE: WELL, a real estate investment trust ("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 infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
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