Nordea Investment Management AB Buys 324,520 Shares of Welltower Inc. (NYSE:WELL)

Nordea Investment Management AB raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,477,388 shares of the real estate investment trust's stock after buying an additional 324,520 shares during the period. Nordea Investment Management AB owned 0.24% of Welltower worth $185,649,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WELL. Van Hulzen Asset Management LLC acquired a new stake in Welltower in the 2nd quarter valued at about $411,000. Retirement Systems of Alabama increased its holdings in shares of Welltower by 3.7% in the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock valued at $60,228,000 after purchasing an additional 16,946 shares in the last quarter. American Century Companies Inc. raised its position in Welltower by 10.1% in the 2nd quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust's stock worth $146,448,000 after purchasing an additional 129,270 shares during the last quarter. Diversified Trust Co lifted its holdings in Welltower by 93.8% during the 3rd quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust's stock worth $2,365,000 after buying an additional 8,940 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. bought a new position in Welltower in the 2nd quarter valued at $254,977,000. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 0.1 %

NYSE:WELL traded up $0.16 on Tuesday, reaching $124.21. The company's stock had a trading volume of 2,606,345 shares, compared to its average volume of 2,222,861. The firm has a market cap of $77.34 billion, a PE ratio of 81.72, a PEG ratio of 2.90 and a beta of 1.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The business's 50-day moving average price is $131.82 and its two-hundred day moving average price is $123.23. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the company posted $0.92 earnings per share. Welltower's revenue for the quarter was up 23.7% compared to the same quarter last year. Equities research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Wednesday, November 13th. Welltower's payout ratio is presently 176.32%.

Analysts Set New Price Targets

WELL has been the subject of a number of recent research reports. Scotiabank boosted their target price on Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a research report on Monday, November 25th. Evercore ISI boosted their price objective on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and lifted their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Wells Fargo & Company restated an "equal weight" rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Raymond James lifted their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.63.

Welltower Profile

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.