Geode Capital Management LLC Has $1.65 Billion Stock Position in Welltower Inc. (NYSE:WELL)

Geode Capital Management LLC lessened its stake in Welltower Inc. (NYSE:WELL - Free Report) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,914,347 shares of the real estate investment trust's stock after selling 176,578 shares during the period. Geode Capital Management LLC owned 2.07% of Welltower worth $1,647,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Welltower by 638.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust's stock valued at $886,022,000 after buying an additional 5,982,711 shares in the last quarter. FMR LLC grew its holdings in shares of Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock worth $1,847,289,000 after purchasing an additional 3,977,845 shares during the last quarter. Duff & Phelps Investment Management Co. bought a new stake in shares of Welltower in the second quarter worth $254,977,000. Wellington Management Group LLP boosted its holdings 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. Finally, Canada Pension Plan Investment Board increased its stake in shares of Welltower by 24.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust's stock valued at $220,223,000 after acquiring an additional 417,046 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Evercore ISI increased their target price on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Scotiabank boosted their target price on shares of Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a report on Monday, November 25th. Mizuho increased their price objective on Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $120.77.

Welltower Trading Down 0.5 %

WELL traded down $0.67 on Wednesday, reaching $128.60. 2,252,894 shares of the company's stock were exchanged, compared to its average volume of 2,693,585. The company has a market cap of $80.08 billion, a price-to-earnings ratio of 84.65, a PEG ratio of 2.95 and a beta of 1.20. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The company's 50 day moving average is $132.81 and its 200-day moving average is $120.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. Equities analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.08%. Welltower's dividend payout ratio (DPR) is presently 176.32%.

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.