Welltower Inc. (NYSE:WELL) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 89.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248 shares of the real estate investment trust's stock after selling 2,154 shares during the period. Cullen Frost Bankers Inc.'s holdings in Welltower were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Welltower by 638.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust's stock valued at $886,022,000 after buying an additional 5,982,711 shares in the last quarter. FMR LLC lifted its stake in shares of Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock worth $1,847,289,000 after buying an additional 3,977,845 shares during the period. Wellington Management Group LLP increased its holdings in shares of Welltower by 10.6% in the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock valued at $2,392,349,000 after purchasing an additional 1,797,330 shares during the period. Proficio Capital Partners LLC boosted its holdings in Welltower by 31,188.5% in the fourth quarter. Proficio Capital Partners LLC now owns 510,002 shares of the real estate investment trust's stock valued at $64,276,000 after purchasing an additional 508,372 shares during the last quarter. Finally, Barclays PLC raised its position in Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock valued at $215,659,000 after acquiring an additional 380,888 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Remove Ads

Welltower Price Performance

Welltower stock traded down $0.08 during midday trading on Wednesday, reaching $147.21. The company's stock had a trading volume of 856,206 shares, compared to its average volume of 2,576,868. 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 fifty-two week low of $87.87 and a fifty-two week high of $158.55. The firm has a market capitalization of $94.41 billion, a PE ratio of 94.41, a P/E/G ratio of 2.87 and a beta of 1.20. The stock's 50 day simple moving average is $139.84 and its 200 day simple moving average is $133.26.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results 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 return on equity of 3.15% and a net margin of 11.91%. On average, equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given 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 1.82%. Welltower's dividend payout ratio is currently 171.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Evercore ISI boosted their price objective on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 4th. Wells Fargo & Company lifted their price target on Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research note on Monday. 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. Finally, Wedbush raised 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 note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $150.19.

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.