Allstate Corp boosted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 66.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,572 shares of the real estate investment trust's stock after buying an additional 13,371 shares during the quarter. Allstate Corp's holdings in Welltower were worth $4,231,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Welltower by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock valued at $12,388,151,000 after purchasing an additional 2,612,044 shares during the last quarter. Norges Bank bought a new stake in shares of Welltower during the 4th quarter valued at $3,943,892,000. Wellington Management Group LLP increased its stake in shares of Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Welltower by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust's stock worth $489,585,000 after purchasing an additional 117,170 shares during the period. Finally, Amundi grew its holdings in Welltower by 18.5% during the fourth quarter. Amundi now owns 3,773,827 shares of the real estate investment trust's stock valued at $477,314,000 after purchasing an additional 589,255 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on WELL shares. Scotiabank lifted their target price on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Bank of America boosted their price objective on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Finally, Wedbush raised shares of Welltower from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $145.00 to $167.00 in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $156.46.
Get Our Latest Report on Welltower
Welltower Trading Down 0.6 %
WELL traded down $0.88 on Wednesday, hitting $153.27. The company had a trading volume of 823,309 shares, compared to its average volume of 2,802,594. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55. 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 business's fifty day simple moving average is $146.67 and its 200 day simple moving average is $135.96. The company has a market cap of $98.29 billion, a PE ratio of 98.25, a PEG ratio of 2.87 and a beta of 1.20.
Welltower (NYSE:WELL - Get Free Report) last released its earnings results 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%. Equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.75%. Welltower's payout ratio is 171.79%.
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.
See Also
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
