OVERSEA CHINESE BANKING Corp Ltd cut its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,218 shares of the real estate investment trust's stock after selling 24,804 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Welltower were worth $16,789,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WELL. Roxbury Financial LLC acquired a new stake in Welltower in the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in Welltower in the fourth quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new stake in Welltower in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc boosted its stake in Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in Welltower in the fourth quarter valued at approximately $50,000. 94.80% of the stock is currently owned by institutional investors.
Welltower Stock Performance
Shares of Welltower stock traded down $1.05 during trading on Friday, hitting $146.84. 12,751,964 shares of the company's stock were exchanged, compared to its average volume of 2,626,810. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The business has a 50-day simple moving average of $143.50 and a 200-day simple moving average of $134.71. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. The stock has a market capitalization of $94.17 billion, a price-to-earnings ratio of 94.13, a PEG ratio of 2.87 and a beta of 1.20.
Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, research 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 was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.83%. Welltower's payout ratio is 171.79%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on WELL shares. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and raised their target price for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Evercore ISI lifted their price objective on shares of Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 4th. Raymond James lifted their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a research note on Monday, December 16th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Welltower currently has an average rating of "Moderate Buy" and an average target price of $156.46.
Get Our Latest Stock Report on WELL
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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