Mizuho Securities USA LLC increased its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 49.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,066 shares of the real estate investment trust's stock after purchasing an additional 18,541 shares during the quarter. Mizuho Securities USA LLC's holdings in Welltower were worth $7,066,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mather Group LLC. boosted its stake in shares of Welltower by 3.8% during the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock valued at $259,000 after buying an additional 75 shares during the period. Childress Capital Advisors LLC raised its holdings in shares of Welltower by 3.7% during the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock worth $271,000 after acquiring an additional 76 shares in the last quarter. Wealthspire Advisors LLC boosted its position in Welltower by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock valued at $435,000 after purchasing an additional 83 shares during the last quarter. Graypoint LLC grew its stake in Welltower by 2.5% in the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock valued at $432,000 after purchasing an additional 84 shares in the last quarter. Finally, Investment Advisory Group LLC increased its position in Welltower by 1.8% in the 4th quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust's stock worth $616,000 after purchasing an additional 85 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
WELL has been the subject of several research reports. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and lifted their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. StockNews.com cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Wednesday. Raymond James increased 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. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Finally, Evercore ISI raised their target price on Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $156.46.
Read Our Latest Stock Analysis on Welltower
Welltower Stock Performance
NYSE:WELL traded up $0.39 during mid-day trading on Thursday, hitting $150.24. 2,849,151 shares of the company's stock traded hands, compared to its average volume of 2,644,829. The firm has a market capitalization of $96.35 billion, a price-to-earnings ratio of 96.31, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The firm has a 50 day moving average of $144.88 and a two-hundred day moving average of $135.23. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55.
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 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%. On average, equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio is currently 171.79%.
Welltower Company Profile
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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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