Harvest Fund Management Co. Ltd reduced its position in Welltower Inc. (NYSE:WELL - Free Report) by 82.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,495 shares of the real estate investment trust's stock after selling 11,328 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Welltower were worth $314,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of WELL. Retirement Systems of Alabama lifted its holdings in shares of Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock valued at $60,228,000 after purchasing an additional 16,946 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in Welltower by 120.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock valued at $1,817,000 after purchasing an additional 7,872 shares during the last quarter. Barclays PLC boosted its stake in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock worth $215,659,000 after buying an additional 380,888 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock worth $1,696,000 after purchasing an additional 2,250 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in Welltower by 17.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock valued at $244,114,000 after buying an additional 285,015 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Bank of America upped their price target on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wedbush upgraded Welltower from a "neutral" rating to an "outperform" rating and upped their target price for the company from $145.00 to $167.00 in a report on Friday, February 14th. Evercore ISI lifted their price target on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a report on Tuesday, March 4th. Wells Fargo & Company upped their price objective on shares of Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Finally, Mizuho lifted their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and an average price target of $156.46.
Read Our Latest Report on Welltower
Welltower Trading Up 1.1 %
NYSE WELL traded up $1.61 on Wednesday, reaching $149.78. The stock had a trading volume of 1,808,593 shares, compared to its average volume of 3,025,884. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $144.41 and a two-hundred day moving average price of $135.13. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55. The firm has a market capitalization of $96.06 billion, a price-to-earnings ratio of 96.01, a P/E/G ratio of 2.87 and a beta of 1.20.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's payout ratio is currently 171.79%.
About Welltower
(
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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