OFI Invest Asset Management purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,949 shares of the real estate investment trust's stock, valued at approximately $1,211,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in shares of Welltower in the fourth quarter valued at about $25,000. Roxbury Financial LLC bought a new stake in shares of Welltower in the fourth quarter valued at about $26,000. Sierra Ocean LLC bought a new stake in shares of Welltower in the fourth quarter valued at about $28,000. Versant Capital Management Inc lifted its stake in shares of Welltower by 165.5% in the fourth 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, Ashton Thomas Securities LLC bought a new stake in shares of Welltower in the third quarter valued at about $50,000. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Trading Down 1.1 %
WELL stock traded down $1.55 during midday trading on Thursday, reaching $145.83. The stock had a trading volume of 2,079,514 shares, compared to its average volume of 2,584,002. The business has a fifty day simple moving average of $140.27 and a two-hundred day simple moving average of $133.35. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a market cap of $93.52 billion, a price-to-earnings ratio of 93.48, a PEG ratio of 2.87 and a beta of 1.20. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 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, research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is currently 171.79%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on WELL shares. Raymond James increased their target price on shares of Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Monday, December 16th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Evercore ISI increased their price target 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. Bank of America upped their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Mizuho upped their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Welltower currently has an average rating of "Moderate Buy" and an average price target of $150.19.
Read Our Latest Research Report on Welltower
Welltower Company 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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