Geode Capital Management LLC Has $1.71 Billion Holdings in Welltower Inc. (NYSE:WELL)

Geode Capital Management LLC boosted its position in Welltower Inc. (NYSE:WELL - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,558,841 shares of the real estate investment trust's stock after acquiring an additional 644,494 shares during the period. Geode Capital Management LLC owned 2.18% of Welltower worth $1,707,570,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Welltower during the 4th quarter valued at about $3,943,892,000. Vanguard Group Inc. boosted its stake in Welltower by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock valued at $12,388,151,000 after acquiring an additional 2,612,044 shares during the last quarter. Wellington Management Group LLP boosted its stake in Welltower by 10.6% in the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock valued at $2,392,349,000 after acquiring an additional 1,797,330 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Welltower during the 4th quarter worth $90,565,000. Finally, California Public Employees Retirement System lifted its stake in shares of Welltower by 61.4% in the 4th quarter. California Public Employees Retirement System now owns 1,661,201 shares of the real estate investment trust's stock valued at $209,361,000 after purchasing an additional 632,143 shares during the period. Institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on WELL. 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 note on Friday, February 28th. Wedbush upgraded Welltower from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Mizuho increased their price target on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Evercore ISI boosted their price objective on shares of Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a report on Tuesday, March 4th. Finally, Bank of America increased their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $156.46.

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Welltower Price Performance

Shares of WELL traded down $9.17 during trading hours on Friday, reaching $143.26. The stock had a trading volume of 4,825,263 shares, compared to its average volume of 2,834,574. The stock has a market capitalization of $92.89 billion, a PE ratio of 91.83, a PEG 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. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The company's 50-day moving average is $147.64 and its two-hundred day moving average is $136.35.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share 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%. Research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's payout ratio is currently 171.79%.

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.