Duff & Phelps Investment Management Co. lifted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,575,721 shares of the real estate investment trust's stock after buying an additional 38,425 shares during the period. Welltower comprises approximately 3.9% of Duff & Phelps Investment Management Co.'s investment portfolio, making the stock its 2nd biggest position. Duff & Phelps Investment Management Co. owned approximately 0.41% of Welltower worth $324,618,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of WELL. Norges Bank acquired a new position in shares of Welltower in the 4th quarter worth approximately $3,943,892,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Welltower by 638.0% in the third 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 during the period. Vanguard Group Inc. boosted its position in Welltower by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock valued at $12,388,151,000 after acquiring an additional 2,612,044 shares during the last quarter. Wellington Management Group LLP grew its holdings in Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock worth $2,392,349,000 after acquiring an additional 1,797,330 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Welltower in the 4th quarter worth about $90,565,000. Institutional investors own 94.80% of the company's stock.
Analyst Upgrades and Downgrades
WELL has been the topic of several research analyst reports. Bank of America upped their target price on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a research report on Monday, December 16th. Scotiabank boosted their target price on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research report on Thursday, March 6th. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and upped their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and an average target price of $156.46.
View Our Latest Research Report on Welltower
Welltower Stock Performance
Welltower stock traded down $0.07 during midday trading on Tuesday, reaching $153.14. The stock had a trading volume of 777,046 shares, compared to its average volume of 2,798,664. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $98.21 billion, a PE ratio of 98.53, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. The firm's 50-day moving average price is $146.26 and its 200 day moving average price is $135.79.
Welltower (NYSE:WELL - Get Free Report) last released 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%. As a group, research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.75%. Welltower's dividend payout ratio is currently 171.79%.
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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