Fmr LLC Acquires 1,354,231 Shares of Welltower Inc. (NYSE:WELL)

FMR LLC lifted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,782,795 shares of the real estate investment trust's stock after acquiring an additional 1,354,231 shares during the quarter. FMR LLC owned 2.53% of Welltower worth $1,989,106,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Mather Group LLC. boosted its holdings in shares of Welltower by 3.8% during the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock worth $259,000 after purchasing an additional 75 shares during the period. Childress Capital Advisors LLC boosted its holdings in Welltower by 3.7% in 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 acquiring an additional 76 shares in the last quarter. Woodmont Investment Counsel LLC increased its position in Welltower by 3.8% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock valued at $279,000 after purchasing an additional 81 shares during the period. Wealthspire Advisors LLC raised its holdings in Welltower by 2.5% in the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after purchasing an additional 83 shares in the last quarter. Finally, Graypoint LLC lifted its position in shares of Welltower by 2.5% in the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock worth $432,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Welltower Stock Performance

Shares of NYSE:WELL traded up $0.85 during trading on Friday, hitting $142.66. The company's stock had a trading volume of 2,651,403 shares, compared to its average volume of 2,864,108. The company has a 50-day moving average of $147.95 and a 200-day moving average of $136.90. 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 firm has a market cap of $92.50 billion, a price-to-earnings ratio of 91.45, a P/E/G ratio of 2.87 and a beta of 0.93. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last posted 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 return on equity of 3.15% and a net margin of 11.91%. On average, sell-side analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.88%. Welltower's dividend payout ratio (DPR) is presently 171.79%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Raymond James boosted their price target on shares of Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research report on Monday, December 16th. Evercore ISI upped their target price on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a report on Tuesday, March 4th. Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Wells Fargo & Company raised Welltower from an "equal weight" rating to an "overweight" rating and set a $158.00 price target on the stock in a research note on Tuesday. Finally, Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and raised their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $156.46.

Welltower Company 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.