Allspring Global Investments Holdings LLC Trims Stake in Welltower Inc. (NYSE:WELL)

Allspring Global Investments Holdings LLC trimmed its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,530 shares of the real estate investment trust's stock after selling 4,348 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Welltower were worth $6,302,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Hartford Investment Management Co. boosted its position in shares of Welltower by 0.4% in the 4th quarter. Hartford Investment Management Co. now owns 36,633 shares of the real estate investment trust's stock worth $4,617,000 after purchasing an additional 150 shares in the last quarter. Quent Capital LLC boosted its position in shares of Welltower by 31.1% in the 4th quarter. Quent Capital LLC now owns 995 shares of the real estate investment trust's stock worth $125,000 after purchasing an additional 236 shares in the last quarter. Cigna Investments Inc. New boosted its position in shares of Welltower by 2.0% in the 4th quarter. Cigna Investments Inc. New now owns 6,313 shares of the real estate investment trust's stock worth $795,000 after purchasing an additional 126 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Welltower in the 4th quarter worth approximately $435,000. Finally, Focus Financial Network Inc. boosted its position in shares of Welltower by 12.4% in the 4th quarter. Focus Financial Network Inc. now owns 1,863 shares of the real estate investment trust's stock worth $235,000 after purchasing an additional 206 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Performance

WELL traded down $2.73 during mid-day trading on Friday, reaching $147.60. 1,010,265 shares of the company traded hands, compared to its average volume of 2,569,724. The stock has a market capitalization of $94.65 billion, a P/E ratio of 94.76, a P/E/G ratio of 2.86 and a beta of 1.23. 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 company's fifty day moving average price is $133.44 and its 200-day moving average price is $129.88. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $152.81.

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 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 expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.82%. Welltower's dividend payout ratio (DPR) is 171.79%.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of analyst reports. Mizuho boosted their price target on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Scotiabank boosted their price objective on shares of Welltower from $142.00 to $144.00 and gave the stock a "sector outperform" rating in a report on Monday, January 27th. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $145.00 to $167.00 in a report on Friday, February 14th. StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Welltower presently has an average rating of "Moderate Buy" and an average target price of $140.19.

About Welltower

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.