Nomura Asset Management Co. Ltd. raised its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,104,703 shares of the real estate investment trust's stock after purchasing an additional 56,719 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.18% of Welltower worth $139,226,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Duff & Phelps Investment Management Co. boosted its holdings in shares of Welltower by 1.5% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,575,721 shares of the real estate investment trust's stock worth $324,618,000 after buying an additional 38,425 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of Welltower during the fourth quarter worth approximately $15,025,000. Easterly Investment Partners LLC grew its position in shares of Welltower by 781.6% in the fourth quarter. Easterly Investment Partners LLC now owns 114,716 shares of the real estate investment trust's stock valued at $14,458,000 after purchasing an additional 101,704 shares during the last quarter. Norges Bank bought a new position in shares of Welltower during the fourth quarter worth approximately $3,943,892,000. Finally, Loomis Sayles & Co. L P lifted its holdings in Welltower by 528.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 591 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 497 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Welltower Price Performance
Welltower stock traded down $0.00 during midday trading on Tuesday, reaching $153.21. The company's stock had a trading volume of 816,197 shares, compared to its average volume of 2,994,245. The stock has a market cap of $98.25 billion, a PE ratio of 98.21, a price-to-earnings-growth 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 business has a 50-day moving average price of $146.26 and a 200-day moving average price of $135.79.
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 (EPS) 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, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a dividend of $0.67 per share. 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 171.79%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Mizuho increased their price objective on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Scotiabank increased their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Evercore ISI lifted their price target on shares of Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company increased their price target on Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Welltower has an average rating of "Moderate Buy" and a consensus price target of $156.46.
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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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