Mesirow Financial Investment Management Inc. cut its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,296 shares of the real estate investment trust's stock after selling 4,290 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Welltower were worth $541,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in WELL. Andra AP fonden grew its holdings in shares of Welltower by 4.5% in the fourth quarter. Andra AP fonden now owns 143,800 shares of the real estate investment trust's stock valued at $18,123,000 after purchasing an additional 6,200 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Welltower by 161.4% in the fourth quarter. Edgestream Partners L.P. now owns 14,377 shares of the real estate investment trust's stock valued at $1,812,000 after purchasing an additional 8,877 shares in the last quarter. West Family Investments Inc. grew its holdings in shares of Welltower by 40.7% in the fourth quarter. West Family Investments Inc. now owns 2,362 shares of the real estate investment trust's stock valued at $298,000 after purchasing an additional 683 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of Welltower in the fourth quarter valued at approximately $516,000. Finally, Vestmark Advisory Solutions Inc. grew its holdings in shares of 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 in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently weighed in on WELL. StockNews.com cut shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $145.00 to $167.00 in a report on Friday, February 14th. Evercore ISI lifted their price target on shares of Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 4th. Bank of America lifted their price target on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Raymond James lifted their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $148.42.
Read Our Latest Stock Report on WELL
Welltower Stock Down 1.2 %
Shares of NYSE:WELL traded down $1.76 during trading on Friday, hitting $147.22. 3,323,918 shares of the company were exchanged, compared to its average volume of 2,580,374. The stock has a market capitalization of $94.41 billion, a P/E ratio of 94.37, a PEG ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55. The firm's 50 day moving average price is $138.99 and its 200-day moving average price is $132.75.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data 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 net margin of 11.91% and a return on equity of 3.15%. On average, research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The firm 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 yield of 1.82%. Welltower's dividend payout ratio (DPR) is 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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