Corient Private Wealth LLC lowered its position in Welltower Inc. (NYSE:WELL - Free Report) by 64.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,588 shares of the real estate investment trust's stock after selling 76,839 shares during the period. Corient Private Wealth LLC's holdings in Welltower were worth $5,368,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of WELL. Natixis Advisors LLC raised its position in Welltower by 6.0% during the fourth quarter. Natixis Advisors LLC now owns 355,665 shares of the real estate investment trust's stock worth $44,825,000 after acquiring an additional 20,106 shares during the period. HBK Sorce Advisory LLC raised its position in shares of Welltower by 5.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 3,106 shares of the real estate investment trust's stock worth $391,000 after purchasing an additional 153 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Welltower by 2.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 121,024 shares of the real estate investment trust's stock valued at $15,118,000 after buying an additional 2,782 shares in the last quarter. Erste Asset Management GmbH boosted its holdings in Welltower by 81.4% in the 4th quarter. Erste Asset Management GmbH now owns 49,328 shares of the real estate investment trust's stock worth $6,166,000 after buying an additional 22,128 shares during the last quarter. Finally, Achmea Investment Management B.V. acquired a new stake in Welltower in the 4th quarter worth about $1,959,000. 94.80% of the stock is owned by hedge funds and other institutional investors.
Welltower Price Performance
Shares of Welltower stock traded up $1.61 during trading on Wednesday, reaching $149.78. The company's stock had a trading volume of 1,808,572 shares, compared to its average volume of 2,640,152. The business has a 50 day moving average price of $144.41 and a 200-day moving average price of $135.13. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55. The company has a market capitalization of $96.06 billion, a P/E ratio of 96.01, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. 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 announced 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 net margin of 11.91% and a return on equity of 3.15%. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders 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 dividend on an annualized basis and a yield of 1.79%. Welltower's payout ratio is 171.79%.
Analyst Ratings Changes
Several analysts recently commented on WELL shares. Wells Fargo & Company boosted their price target on Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Bank of America increased their price target on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and boosted their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, Scotiabank raised their target price on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $156.46.
Read Our Latest Stock Report on WELL
Welltower Profile
(
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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