Allianz SE bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,402 shares of the real estate investment trust's stock, valued at approximately $1,674,000.
A number of other hedge funds and other institutional investors have also modified their holdings of WELL. Mather Group LLC. boosted its position in shares of Welltower by 3.8% in the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock worth $259,000 after acquiring an additional 75 shares during the last quarter. Childress Capital Advisors LLC boosted its holdings in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock worth $271,000 after acquiring an additional 76 shares during the period. Woodmont Investment Counsel LLC grew its position in Welltower by 3.8% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock valued at $279,000 after acquiring an additional 81 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Welltower by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock valued at $435,000 after purchasing an additional 83 shares during the period. Finally, Graypoint LLC grew its holdings in Welltower by 2.5% during the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock valued at $432,000 after purchasing an additional 84 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Welltower Stock Up 2.0 %
NYSE WELL traded up $3.02 during trading on Thursday, hitting $156.10. 1,429,835 shares of the company traded hands, compared to its average volume of 2,997,091. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. The business has a fifty day simple moving average of $147.11 and a 200 day simple moving average of $136.08. The company has a market capitalization of $100.11 billion, a P/E ratio of 100.06, a PEG 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.
Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (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, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is presently 171.79%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on WELL. Evercore ISI raised their target price on Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research note on Tuesday, March 4th. Wells Fargo & Company lifted their price target on shares of Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and increased their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Mizuho boosted their price target on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. One 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $156.46.
Check Out 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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