APG Asset Management US Inc. increased its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,338,117 shares of the real estate investment trust's stock after buying an additional 23,551 shares during the quarter. Welltower accounts for 1.3% of APG Asset Management US Inc.'s investment portfolio, making the stock its 19th largest holding. APG Asset Management US Inc. owned 0.21% of Welltower worth $168,643,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Welltower during the 4th quarter valued at $3,943,892,000. Vanguard Group Inc. boosted its stake in Welltower by 2.7% in the fourth 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 acquiring an additional 2,612,044 shares during the last quarter. Groupama Asset Managment increased its stake in shares of Welltower by 23,204.3% during the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock worth $2,183,000 after purchasing an additional 1,891,847 shares during the last quarter. FMR LLC lifted its stake in Welltower by 9.4% in the fourth quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after purchasing an additional 1,354,231 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Welltower in the fourth quarter worth $90,565,000. 94.80% of the stock is owned by hedge funds and other institutional investors.
Welltower Price Performance
Shares of NYSE:WELL traded up $1.50 on Monday, reaching $144.17. The company's stock had a trading volume of 792,275 shares, compared to its average volume of 2,860,350. The company has a 50-day simple moving average of $147.95 and a 200 day simple moving average of $136.97. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The company has a market cap of $93.48 billion, a P/E ratio of 92.42, a PEG ratio of 2.87 and a beta of 0.93.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal 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 given a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.86%. Welltower's dividend payout ratio (DPR) is 171.79%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. StockNews.com downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Bank of America raised their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and boosted their target price for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Raymond James raised their price target on Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. Finally, Wells Fargo & Company raised shares of Welltower from an "equal weight" rating to an "overweight" rating and set a $158.00 price target on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $156.46.
Check Out Our Latest Report on WELL
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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