Edgestream Partners L.P. Purchases 8,877 Shares of Welltower Inc. (NYSE:WELL)

Edgestream Partners L.P. raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 161.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,377 shares of the real estate investment trust's stock after acquiring an additional 8,877 shares during the quarter. Edgestream Partners L.P.'s holdings in Welltower were worth $1,812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Retirement Systems of Alabama lifted its holdings in Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock worth $60,228,000 after buying an additional 16,946 shares during the last quarter. Barclays PLC boosted its stake in Welltower by 29.2% in 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 during the period. Vestmark Advisory Solutions Inc. grew its holdings in shares of Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock valued at $1,817,000 after purchasing an additional 7,872 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock worth $1,696,000 after purchasing an additional 2,250 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in Welltower during the 4th quarter valued at approximately $367,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several brokerages recently weighed in on WELL. Scotiabank raised their target price on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Wells Fargo & Company lifted their price target on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a report on Monday. Raymond James lifted their target price on shares of Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Monday, December 16th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $145.00 to $167.00 in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $150.19.

Welltower Stock Performance

Shares of NYSE WELL traded down $0.07 during trading hours on Wednesday, reaching $147.22. The stock had a trading volume of 865,055 shares, compared to its average volume of 2,576,890. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. 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 fifty day moving average is $139.84 and its two-hundred day moving average is $133.26. The company has a market cap of $94.41 billion, a price-to-earnings ratio of 94.37, a PEG ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share 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, research analysts expect 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. Stockholders of record on Tuesday, February 25th were paid a $0.67 dividend. 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 presently 171.79%.

About Welltower

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.