Alliancebernstein L.P. increased its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,140,397 shares of the real estate investment trust's stock after purchasing an additional 79,444 shares during the quarter. Alliancebernstein L.P. owned 0.18% of Welltower worth $143,724,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Mather Group LLC. raised its stake in shares of Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock valued at $259,000 after acquiring an additional 75 shares during the period. Childress Capital Advisors LLC grew its stake in shares of Welltower by 3.7% in the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock valued at $271,000 after buying an additional 76 shares in the last quarter. Woodmont Investment Counsel LLC raised its holdings in shares of Welltower by 3.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock valued at $279,000 after buying an additional 81 shares during the period. Wealthspire Advisors LLC lifted its stake in Welltower by 2.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after acquiring an additional 83 shares in the last quarter. Finally, Graypoint LLC lifted its stake in Welltower by 2.5% during the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock worth $432,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Bank of America increased their price target on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Evercore ISI raised their price target on shares of Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research report on Tuesday, March 4th. Raymond James boosted their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a research note on Monday, December 16th. Wells Fargo & Company lifted their target price on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Finally, Scotiabank upped their price target on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.46.
Read Our Latest Report on WELL
Welltower Stock Performance
Shares of Welltower stock traded down $9.17 on Friday, hitting $143.26. The stock had a trading volume of 4,825,263 shares, compared to its average volume of 2,834,574. The company's 50 day moving average price is $147.64 and its 200 day moving average price is $136.35. The stock has a market cap of $92.89 billion, a price-to-earnings ratio of 91.83, a P/E/G ratio of 2.87 and a beta of 0.93. 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 Inc. has a 52-week low of $87.87 and a 52-week high of $158.55.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share 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, research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Announces Dividend
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.87%. Welltower's payout ratio is 171.79%.
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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