Erste Asset Management GmbH raised its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 81.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,328 shares of the real estate investment trust's stock after acquiring an additional 22,128 shares during the period. Erste Asset Management GmbH's holdings in Welltower were worth $6,166,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of the company. Mather Group LLC. increased its position in Welltower by 3.8% during the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock valued at $259,000 after acquiring an additional 75 shares during the last quarter. Childress Capital Advisors LLC boosted its stake in shares of Welltower by 3.7% during the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock valued at $271,000 after purchasing an additional 76 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of Welltower by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock valued at $435,000 after purchasing an additional 83 shares during the period. Graypoint LLC boosted its stake in shares of Welltower by 2.5% during the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock valued at $432,000 after purchasing an additional 84 shares during the period. Finally, Investment Advisory Group LLC boosted its stake in shares of Welltower by 1.8% during the fourth quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust's stock valued at $616,000 after purchasing an additional 85 shares during the period. Institutional investors own 94.80% of the company's stock.
Welltower Stock Down 0.9 %
Shares of WELL stock traded down $1.34 during mid-day trading on Tuesday, hitting $149.92. 2,837,982 shares of the stock traded hands, compared to its average volume of 2,569,081. The stock has a market cap of $96.14 billion, a P/E ratio of 96.10, a P/E/G ratio of 2.87 and a beta of 1.20. The stock's fifty day moving average is $141.68 and its two-hundred day moving average is $134.04. Welltower Inc. has a 52-week low of $87.87 and a 52-week 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.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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%. Equities analysts predict 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 1.79%. Welltower's dividend payout ratio (DPR) is currently 171.79%.
Analyst Ratings Changes
WELL has been the subject of a number of recent analyst reports. Raymond James boosted 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. StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Mizuho upped their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Bank of America upped their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $152.42.
Read Our Latest Stock Analysis on WELL
About Welltower
(
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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