Norinchukin Bank The raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,220 shares of the real estate investment trust's stock after purchasing an additional 1,918 shares during the period. Norinchukin Bank The's holdings in Welltower were worth $6,455,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Welltower by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock valued at $12,388,151,000 after buying an additional 2,612,044 shares in the last quarter. Capital International Investors grew its position in Welltower by 0.9% in the 4th quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock valued at $4,674,826,000 after buying an additional 318,496 shares during the last quarter. Norges Bank acquired a new position in shares of Welltower during the fourth quarter worth about $3,943,892,000. FMR LLC increased its position in Welltower by 9.4% during the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock worth $1,989,106,000 after purchasing an additional 1,354,231 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Welltower by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 13,558,841 shares of the real estate investment trust's stock worth $1,707,570,000 after acquiring an additional 644,494 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Mizuho upped their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and raised their target price for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Scotiabank upped their price target on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a report on Thursday, March 6th. Finally, StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.46.
View Our Latest Research Report on WELL
Welltower Trading Down 2.3 %
Shares of NYSE:WELL traded down $3.43 during midday trading on Monday, reaching $143.84. The company's stock had a trading volume of 2,241,788 shares, compared to its average volume of 2,871,357. The business has a 50 day moving average price of $148.26 and a 200 day moving average price of $137.77. Welltower Inc. has a 1 year low of $90.76 and a 1 year high of $158.55. The firm has a market cap of $93.72 billion, a price-to-earnings ratio of 92.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results 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%. Research analysts forecast 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. 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 1.86%. The ex-dividend date was Tuesday, February 25th. Welltower's dividend payout ratio is currently 171.79%.
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.
Further Reading
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
