Neuberger Berman Group LLC lowered its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 10.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 548,287 shares of the real estate investment trust's stock after selling 64,773 shares during the period. Neuberger Berman Group LLC owned about 0.09% of Welltower worth $69,101,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of WELL. Retirement Systems of Alabama raised its holdings in 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 worth $60,228,000 after purchasing an additional 16,946 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock worth $1,817,000 after buying an additional 7,872 shares during the last quarter. Barclays PLC lifted its holdings in Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock valued at $215,659,000 after buying an additional 380,888 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Welltower by 30.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock valued at $68,666,000 after acquiring an additional 128,090 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in 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 acquiring an additional 2,250 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Raymond James boosted their price objective on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Monday, December 16th. Scotiabank increased their price target on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Thursday, March 6th. StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Evercore ISI raised their price target on shares of Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $156.46.
View Our Latest Report on WELL
Welltower Stock Up 0.9 %
Shares of WELL traded up $1.24 on Tuesday, reaching $146.83. The company's stock had a trading volume of 714,097 shares, compared to its average volume of 2,858,683. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The stock has a market capitalization of $95.21 billion, a PE ratio of 94.12, a PEG ratio of 2.87 and a beta of 0.93. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $148.01 and a 200-day moving average of $137.10.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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%. Equities analysts predict that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio is 171.79%.
Welltower 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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