Generali Asset Management SPA SGR bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 48,229 shares of the real estate investment trust's stock, valued at approximately $6,078,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Roxbury Financial LLC acquired a new position in Welltower in the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of Welltower in the 4th quarter valued at $25,000. Sierra Ocean LLC purchased a new position in shares of Welltower during the 4th quarter worth $28,000. Versant Capital Management Inc raised its holdings in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 187 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in Welltower in the 4th quarter valued at about $50,000. 94.80% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and lifted their target price for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Evercore ISI raised their price target on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 4th. Finally, Raymond James boosted their price objective on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $156.46.
Check Out Our Latest Report on WELL
Welltower Stock Down 0.7 %
Shares of Welltower stock traded down $1.05 on Friday, reaching $146.84. 12,751,964 shares of the company were exchanged, compared to its average volume of 2,626,810. The stock's 50 day moving average price is $143.50 and its 200-day moving average price is $134.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The company has a market cap of $94.17 billion, a P/E ratio of 94.13, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's payout ratio is 171.79%.
Welltower Profile
(
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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