ProVise Management Group LLC reduced its stake in Welltower Inc. (NYSE:WELL - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the real estate investment trust's stock after selling 4,382 shares during the period. ProVise Management Group LLC's holdings in Welltower were worth $907,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Welltower by 638.0% during 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 purchasing an additional 5,982,711 shares in the last quarter. FMR LLC grew its holdings in shares of Welltower by 38.1% during the third 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 last quarter. Wellington Management Group LLP grew its holdings in shares of Welltower by 10.6% during the third 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 last quarter. Raymond James Financial Inc. bought a new stake in shares of Welltower during the fourth quarter worth about $90,565,000. Finally, Amundi raised its holdings in shares of Welltower by 18.5% in the 4th quarter. Amundi now owns 3,773,827 shares of the real estate investment trust's stock worth $477,314,000 after acquiring an additional 589,255 shares during the last quarter. 94.80% of the stock is owned by institutional investors.
Welltower Stock Performance
WELL traded up $3.64 during midday trading on Monday, reaching $150.16. The company had a trading volume of 4,496,337 shares, compared to its average volume of 2,634,300. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55. The business has a 50-day moving average price of $143.50 and a two-hundred day moving average price of $134.78. The stock has a market cap of $96.30 billion, a PE ratio of 96.26, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, sell-side analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Tuesday, February 25th. Welltower's dividend payout ratio is currently 171.79%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on WELL shares. Mizuho lifted their price target on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Raymond James lifted their target price on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research report on Monday, December 16th. StockNews.com raised Welltower from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company raised their price objective on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Finally, Wedbush upgraded 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. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Welltower has an average rating of "Moderate Buy" and an average price target of $156.46.
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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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