Capital Research Global Investors Increases Position in Welltower Inc. (NYSE:WELL)

Capital Research Global Investors lifted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 678,940 shares of the real estate investment trust's stock after acquiring an additional 14,994 shares during the period. Capital Research Global Investors owned approximately 0.11% of Welltower worth $85,567,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Capital International Inc. CA lifted its stake in Welltower by 18.5% during the fourth quarter. Capital International Inc. CA now owns 421,668 shares of the real estate investment trust's stock worth $53,143,000 after purchasing an additional 65,931 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Welltower by 25.7% during the fourth quarter. First Trust Advisors LP now owns 231,615 shares of the real estate investment trust's stock worth $29,190,000 after buying an additional 47,353 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of Welltower by 41.8% during the fourth quarter. GeoWealth Management LLC now owns 45,453 shares of the real estate investment trust's stock worth $5,728,000 after buying an additional 13,392 shares in the last quarter. Capital Group Private Client Services Inc. lifted its stake in shares of Welltower by 76.3% in the 4th quarter. Capital Group Private Client Services Inc. now owns 302,759 shares of the real estate investment trust's stock valued at $38,157,000 after acquiring an additional 131,072 shares during the last quarter. Finally, Capital International Investors grew its position in 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 during the last quarter. Institutional investors own 94.80% of the company's stock.

Welltower Price Performance

Shares of Welltower stock traded down $0.77 during trading hours on Friday, hitting $146.98. The company's stock had a trading volume of 1,520,470 shares, compared to its average volume of 2,866,113. 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 Inc. has a 12-month low of $92.73 and a 12-month high of $158.55. The business has a 50 day moving average price of $148.08 and a two-hundred day moving average price of $138.07. The company has a market cap of $95.76 billion, a PE ratio of 94.22, a PEG ratio of 2.87 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.91% and a return on equity of 3.15%. Analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. 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 dividend payout ratio (DPR) is presently 171.79%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WELL. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Welltower in a research note on Thursday, April 17th. Scotiabank lifted their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Jefferies Financial Group raised shares of 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 research report on Thursday, January 2nd. Bank of America increased their target price on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. One 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 stock. According to MarketBeat.com, the stock currently 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.