Cinctive Capital Management LP Buys New Shares in Welltower Inc. (NYSE:WELL)

Cinctive Capital Management LP acquired a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 86,343 shares of the real estate investment trust's stock, valued at approximately $10,882,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Roxbury Financial LLC purchased a new stake in Welltower in the fourth quarter worth $26,000. Laurel Wealth Advisors LLC bought a new position in shares of Welltower in the fourth quarter worth about $25,000. Sierra Ocean LLC purchased a new position in Welltower in the 4th quarter worth about $28,000. Versant Capital Management Inc lifted its holdings in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in Welltower in the 4th quarter valued at about $50,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research reports. Wedbush raised shares of Welltower from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Raymond James lifted their target price on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research report on Monday, December 16th. Evercore ISI increased their price target on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 4th. Finally, Scotiabank raised their price target on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and a consensus price target of $156.46.

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Welltower Stock Down 2.6 %

Welltower stock traded down $3.68 during trading hours on Monday, reaching $139.61. The stock had a trading volume of 2,024,248 shares, compared to its average volume of 3,051,763. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The company has a market cap of $90.52 billion, a price-to-earnings ratio of 89.43, a PEG ratio of 2.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The business's 50 day moving average price is $147.64 and its 200-day moving average price is $136.41.

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%. Sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.92%. Welltower's dividend payout ratio (DPR) is currently 171.79%.

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.