Advisors Asset Management Inc. lifted its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,386 shares of the real estate investment trust's stock after purchasing an additional 7,461 shares during the period. Advisors Asset Management Inc.'s holdings in Welltower were worth $6,728,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Systems of Alabama raised its holdings in Welltower by 3.7% during the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock worth $60,228,000 after purchasing an additional 16,946 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Welltower by 120.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock worth $1,817,000 after acquiring an additional 7,872 shares in the last quarter. Barclays PLC lifted its position in Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock valued at $215,659,000 after acquiring an additional 380,888 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Welltower by 20.1% in the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock valued at $1,696,000 after acquiring an additional 2,250 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Welltower by 17.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock worth $244,114,000 after purchasing an additional 285,015 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Welltower Stock Performance
NYSE:WELL traded down $1.05 during mid-day trading on Friday, reaching $146.84. The stock had a trading volume of 12,751,964 shares, compared to its average volume of 2,626,810. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The business has a 50 day simple moving average of $143.50 and a 200 day simple moving average of $134.71. The firm has a market capitalization of $94.17 billion, a price-to-earnings ratio of 94.13, a PEG ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.
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, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is 171.79%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on WELL. Wells Fargo & Company upped their target price on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Mizuho increased their price objective on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Wedbush raised shares of Welltower from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $145.00 to $167.00 in a report on Friday, February 14th. Scotiabank increased their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Finally, Evercore ISI raised their price objective 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. Three research 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.46.
View Our Latest Stock Analysis on Welltower
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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