Renaissance Technologies LLC Acquires 119,800 Shares of Welltower Inc. (NYSE:WELL)

Renaissance Technologies LLC increased its position in Welltower Inc. (NYSE:WELL - Free Report) by 23.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 622,763 shares of the real estate investment trust's stock after acquiring an additional 119,800 shares during the period. Renaissance Technologies LLC owned approximately 0.10% of Welltower worth $78,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. Roxbury Financial LLC acquired a new stake in shares of Welltower during the fourth quarter worth about $26,000. Laurel Wealth Advisors LLC acquired a new stake in Welltower during the 4th quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new stake in shares of Welltower in the 4th quarter valued at $28,000. Versant Capital Management Inc increased its stake in shares of Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 187 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in Welltower during the fourth quarter valued at $50,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WELL shares. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Wells Fargo & Company raised shares of Welltower from an "equal weight" rating to an "overweight" rating and set a $158.00 price objective for the company in a report on Tuesday, April 8th. Evercore ISI raised 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. Mizuho raised their price objective on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and increased their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Welltower currently has an average rating of "Moderate Buy" and a consensus price target of $156.46.

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Welltower Price Performance

Shares of WELL stock traded up $1.21 during trading hours on Tuesday, hitting $146.80. 620,637 shares of the company's stock were exchanged, compared to its average volume of 2,858,321. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a market cap of $95.19 billion, a price-to-earnings ratio of 94.10, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. The stock's 50-day moving average is $148.01 and its 200-day moving average is $137.10.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (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%. As a group, research analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.83%. Welltower's dividend payout ratio is currently 171.79%.

About Welltower

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.