Garland Capital Management Inc. cut its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,743 shares of the real estate investment trust's stock after selling 3,470 shares during the quarter. Welltower makes up 4.2% of Garland Capital Management Inc.'s portfolio, making the stock its 9th largest holding. Garland Capital Management Inc.'s holdings in Welltower were worth $5,135,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in WELL. Roxbury Financial LLC bought a new position in Welltower in the 4th quarter worth about $26,000. Laurel Wealth Advisors LLC bought a new position in Welltower in the 4th quarter worth approximately $25,000. Sierra Ocean LLC acquired a new stake in Welltower in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc increased its position in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 187 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in Welltower during the 4th quarter worth $50,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Welltower Price Performance
Shares of WELL traded up $1.61 during trading hours on Wednesday, hitting $149.78. 1,808,596 shares of the company were exchanged, compared to its average volume of 2,640,152. 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 company has a market capitalization of $96.06 billion, a PE ratio of 96.01, a PEG ratio of 2.87 and a beta of 1.20. The firm has a fifty day simple moving average of $144.41 and a 200-day simple moving average of $135.13. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share 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 $0.67 dividend. The ex-dividend date 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 presently 171.79%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Raymond James raised their price target on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a report on Monday, December 16th. Wells Fargo & Company boosted their price target 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. Bank of America increased their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Scotiabank increased their price target on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.46.
View Our Latest Analysis on WELL
Welltower Company 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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