PNC Financial Services Group Inc. decreased its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 212,815 shares of the real estate investment trust's stock after selling 2,660 shares during the period. PNC Financial Services Group Inc.'s holdings in Welltower were worth $26,821,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Welltower by 638.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust's stock valued at $886,022,000 after buying an additional 5,982,711 shares during the period. FMR LLC grew its holdings in shares of Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock valued at $1,847,289,000 after buying an additional 3,977,845 shares during the period. Wellington Management Group LLP grew its holdings in shares of Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock valued at $2,392,349,000 after buying an additional 1,797,330 shares during the period. Raymond James Financial Inc. acquired a new position in Welltower in the 4th quarter worth $90,565,000. Finally, Proficio Capital Partners LLC boosted its stake in Welltower by 31,188.5% in the 4th quarter. Proficio Capital Partners LLC now owns 510,002 shares of the real estate investment trust's stock worth $64,276,000 after purchasing an additional 508,372 shares during the period. Institutional investors own 94.80% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on WELL shares. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and upped their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Wells Fargo & Company upped their target price on shares of Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research note on Monday. Bank of America upped their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Mizuho upped their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Finally, Wedbush raised shares of Welltower from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $150.19.
View Our Latest Report on WELL
Welltower Stock Performance
Shares of WELL stock traded down $1.55 on Thursday, reaching $145.83. The stock had a trading volume of 2,079,529 shares, compared to its average volume of 2,585,001. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm's 50-day moving average is $140.69 and its two-hundred day moving average is $133.44. The firm has a market capitalization of $93.52 billion, a price-to-earnings ratio of 93.48, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55.
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, beating 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, research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Announces Dividend
The business also recently declared 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 annualized dividend and a yield of 1.84%. Welltower's dividend payout ratio is currently 171.79%.
Welltower 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.
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