Pitcairn Co. Sells 3,847 Shares of Welltower Inc. (NYSE:WELL)

Pitcairn Co. trimmed its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 59.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,666 shares of the real estate investment trust's stock after selling 3,847 shares during the quarter. Pitcairn Co.'s holdings in Welltower were worth $336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ExodusPoint Capital Management LP bought a new position in Welltower during the 4th quarter worth $22,955,000. World Investment Advisors bought a new position in shares of Welltower in the 4th quarter worth about $282,000. Cinctive Capital Management LP bought a new stake in shares of Welltower during the 4th quarter valued at about $10,882,000. Huntington National Bank boosted its position in shares of Welltower by 15.9% during the 4th quarter. Huntington National Bank now owns 6,325 shares of the real estate investment trust's stock valued at $797,000 after purchasing an additional 866 shares in the last quarter. Finally, RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Welltower during the 4th quarter worth approximately $1,217,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Performance

Shares of NYSE WELL traded up $0.85 during midday trading on Friday, hitting $142.66. The company's stock had a trading volume of 2,651,403 shares, compared to its average volume of 2,864,108. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55. The firm has a market capitalization of $92.50 billion, a price-to-earnings ratio of 91.45, a P/E/G ratio of 2.87 and a beta of 0.93. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $147.95 and a 200 day moving average price of $136.90.

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Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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, research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.88%. The ex-dividend date was Tuesday, February 25th. Welltower's payout ratio is 171.79%.

Wall Street Analyst Weigh In

WELL has been the subject of several research analyst reports. Scotiabank lifted their price target on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Bank of America raised their price target on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Mizuho upped their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and raised their price target for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $156.46.

Welltower Company 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.