Knights of Columbus Asset Advisors LLC bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 65,363 shares of the real estate investment trust's stock, valued at approximately $8,238,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of WELL. Empowered Funds LLC grew its stake in Welltower by 7.4% during the third quarter. Empowered Funds LLC now owns 10,094 shares of the real estate investment trust's stock valued at $1,292,000 after acquiring an additional 696 shares in the last quarter. Pathstone Holdings LLC grew its position in shares of Welltower by 1.2% during the 3rd quarter. Pathstone Holdings LLC now owns 44,609 shares of the real estate investment trust's stock valued at $5,711,000 after purchasing an additional 548 shares in the last quarter. Caprock Group LLC increased its holdings in shares of Welltower by 38.8% in the third quarter. Caprock Group LLC now owns 8,529 shares of the real estate investment trust's stock worth $1,092,000 after purchasing an additional 2,385 shares during the period. Prospera Financial Services Inc raised its position in shares of Welltower by 5.8% in the third quarter. Prospera Financial Services Inc now owns 8,450 shares of the real estate investment trust's stock worth $1,083,000 after buying an additional 463 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Welltower during the third quarter valued at $133,000. 94.80% of the stock is owned by institutional investors.
Welltower Trading Up 1.1 %
NYSE:WELL traded up $1.61 during midday trading on Wednesday, hitting $149.78. 1,808,596 shares of the company traded hands, compared to its average volume of 2,643,607. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55. The firm has a market capitalization of $96.06 billion, a P/E ratio of 96.01, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm's fifty day moving average is $144.41 and its 200-day moving average is $135.13.
Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.79%. Welltower's dividend payout ratio is currently 171.79%.
Analysts Set New Price Targets
A number of research analysts recently commented on WELL shares. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and increased their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Mizuho boosted their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Wells Fargo & Company upped their price objective on shares of Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Evercore ISI lifted their target price on shares of Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 4th. Finally, Scotiabank upped their price target on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research report on Thursday, March 6th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $156.46.
Check Out Our Latest Analysis on WELL
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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