Quantbot Technologies LP purchased a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,536 shares of the real estate investment trust's stock, valued at approximately $698,000.
Several other institutional investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama raised its position in shares of Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock valued at $60,228,000 after buying an additional 16,946 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock valued at $1,817,000 after purchasing an additional 7,872 shares during the period. Barclays PLC raised its position in Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock valued at $215,659,000 after purchasing an additional 380,888 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock worth $1,696,000 after purchasing an additional 2,250 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Welltower by 17.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock worth $244,114,000 after purchasing an additional 285,015 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.
Welltower Stock Up 2.3 %
NYSE WELL traded up $3.47 during trading on Friday, reaching $153.39. 2,852,597 shares of the company's stock traded hands, compared to its average volume of 2,802,695. The company's 50 day simple moving average is $145.78 and its two-hundred day simple moving average is $135.57. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55. The firm has a market cap of $98.37 billion, a price-to-earnings ratio of 98.33, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.
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, topping 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%. As a group, sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, February 25th. Welltower's dividend payout ratio is currently 171.79%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and lifted their price target for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a research report on Wednesday. Evercore ISI boosted their target price on Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research report on Tuesday, March 4th. Finally, Raymond James increased their price target on Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $156.46.
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About Welltower
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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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