Brooklyn FI LLC acquired a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,864 shares of the real estate investment trust's stock, valued at approximately $638,000.
Several other institutional investors have also modified their holdings of WELL. Retirement Systems of Alabama increased its holdings in Welltower by 3.7% in the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock valued at $60,228,000 after buying an additional 16,946 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in shares of Welltower by 120.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock valued at $1,817,000 after acquiring an additional 7,872 shares during the last quarter. Barclays PLC raised its position in shares of Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock worth $215,659,000 after acquiring an additional 380,888 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock worth $1,696,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in Welltower by 17.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock worth $244,114,000 after purchasing an additional 285,015 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.
Welltower Stock Performance
Welltower stock traded up $3.64 during mid-day trading on Monday, reaching $150.16. 4,496,337 shares of the company were exchanged, compared to its average volume of 2,634,300. The firm's 50-day simple moving average is $143.50 and its two-hundred day simple moving average is $134.78. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The firm has a market cap of $96.30 billion, a PE ratio of 96.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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 analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. Welltower's dividend payout ratio (DPR) is 171.79%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on WELL. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Evercore ISI lifted their price target on shares of Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 4th. Scotiabank upped their price objective 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. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and lifted their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and upped their target price for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $156.46.
Read 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.
Featured Stories
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
