FIL Ltd Purchases 71,457 Shares of Welltower Inc. (NYSE:WELL)

FIL Ltd raised its stake in Welltower Inc. (NYSE:WELL - Free Report) by 22.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 395,077 shares of the real estate investment trust's stock after buying an additional 71,457 shares during the period. FIL Ltd owned about 0.06% of Welltower worth $49,792,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WELL. Mather Group LLC. increased its position in Welltower by 3.8% during the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock valued at $259,000 after purchasing an additional 75 shares during the period. Childress Capital Advisors LLC increased its position 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 worth $271,000 after buying an additional 76 shares during the period. Woodmont Investment Counsel LLC raised its stake in Welltower by 3.8% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock worth $279,000 after buying an additional 81 shares during the last quarter. Wealthspire Advisors LLC lifted its holdings in Welltower by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock valued at $435,000 after buying an additional 83 shares during the period. Finally, Graypoint LLC boosted its position in 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 acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

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Welltower Stock Up 1.0 %

Shares of WELL traded up $1.49 on Tuesday, reaching $147.08. The company's stock had a trading volume of 582,571 shares, compared to its average volume of 3,104,953. The stock has a market capitalization of $95.37 billion, a PE ratio of 94.28, a PEG ratio of 2.87 and a beta of 0.93. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The firm has a fifty day moving average of $148.01 and a 200-day moving average of $137.10.

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 return on equity of 3.15% and a net margin of 11.91%. Equities analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently declared 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Welltower's payout ratio is currently 171.79%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Bank of America lifted their target price on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Scotiabank lifted 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 shares of Welltower from a "neutral" rating to an "outperform" rating and increased their target price for the stock 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, one has issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.46.

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.