Modern Wealth Management LLC purchased a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 41,699 shares of the real estate investment trust's stock, valued at approximately $5,255,000.
Several other institutional investors and hedge funds also recently made changes to their positions in WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 worth $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. FMR LLC lifted its stake in shares of Welltower by 38.1% in 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 acquiring an additional 3,977,845 shares during the period. Vanguard Group Inc. lifted its stake in shares of 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 worth $12,388,151,000 after acquiring an additional 2,612,044 shares during the period. 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, Raymond James Financial Inc. acquired a new position in Welltower in the fourth quarter valued at $90,565,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Welltower Stock Up 2.3 %
Shares of WELL traded up $3.47 during mid-day trading on Friday, hitting $153.39. The company's stock had a trading volume of 2,852,597 shares, compared to its average volume of 2,802,695. The firm has a market capitalization of $98.37 billion, a price-to-earnings ratio of 98.33, a PEG ratio of 2.87 and a beta of 1.20. 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 52-week low of $87.87 and a 52-week high of $158.55. The company's 50-day moving average is $145.78 and its 200-day moving average is $135.57.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, equities research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Announces Dividend
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 $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is presently 171.79%.
Analyst Upgrades and Downgrades
WELL has been the subject of several recent research reports. Bank of America boosted their price objective on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Mizuho lifted their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Scotiabank boosted their target price on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Raymond James boosted their target price on Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a research report on Monday, December 16th. Finally, Wedbush raised shares of Welltower from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. One 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's stock. According to data from MarketBeat, Welltower currently has an average rating of "Moderate Buy" and an average target price of $156.46.
View Our Latest Stock Analysis on WELL
Welltower Company Profile
(
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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