Brasada Capital Management LP Acquires Shares of 37,534 Welltower Inc. (NYSE:WELL)

Brasada Capital Management LP acquired a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,534 shares of the real estate investment trust's stock, valued at approximately $4,719,000.

A number of other hedge funds have also recently modified their holdings of WELL. Vanguard Group Inc. boosted its holdings in Welltower by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after buying an additional 2,612,044 shares in the last quarter. Capital International Investors boosted its stake in shares of Welltower by 0.9% during the 4th quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock worth $4,674,826,000 after acquiring an additional 318,496 shares in the last quarter. Norges Bank purchased a new stake in shares of Welltower during the 4th quarter worth about $3,943,892,000. FMR LLC grew its position in shares of Welltower by 9.4% during the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after acquiring an additional 1,354,231 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Welltower by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 13,558,841 shares of the real estate investment trust's stock valued at $1,707,570,000 after purchasing an additional 644,494 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Stock Performance

NYSE:WELL opened at $147.27 on Wednesday. The company has a market cap of $95.95 billion, a P/E ratio of 94.40, a P/E/G ratio of 2.87 and a beta of 0.93. The firm's 50 day moving average is $148.17 and its two-hundred day moving average is $137.84. Welltower Inc. has a fifty-two week low of $91.41 and a fifty-two week 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.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's payout ratio is currently 171.79%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WELL shares. Evercore ISI lifted their price target on shares of Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research note on Tuesday, March 4th. StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and increased their target price for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Bank of America lifted their price target on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Wedbush reiterated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $156.46.

Welltower Profile

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.

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.