New York State Common Retirement Fund lifted its position in Welltower Inc. (NYSE:WELL - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 766,965 shares of the real estate investment trust's stock after acquiring an additional 23,600 shares during the quarter. New York State Common Retirement Fund owned 0.12% of Welltower worth $96,661,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Roxbury Financial LLC acquired a new position in shares of Welltower in the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of Welltower in the 4th quarter worth approximately $25,000. Sierra Ocean LLC acquired a new position in shares of Welltower in the 4th quarter worth approximately $28,000. Fortitude Family Office LLC grew its position in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 78 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 187 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Welltower Stock Performance
Welltower stock traded down $1.70 during mid-day trading on Friday, hitting $148.62. 1,249,397 shares of the company's stock traded hands, compared to its average volume of 2,578,216. The firm has a 50 day moving average price of $133.44 and a 200 day moving average price of $129.88. 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 company has a market cap of $95.31 billion, a PE ratio of 95.34, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Welltower Inc. has a one year low of $87.87 and a one year high of $152.81.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates 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 EPS for the current year.
Welltower Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower's dividend payout ratio is presently 171.79%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on WELL shares. Mizuho lifted their target price on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Wedbush upgraded Welltower from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and boosted their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Bank of America boosted their price objective on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.19.
Read Our Latest Stock Analysis on Welltower
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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