Rhumbline Advisers raised its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,247,395 shares of the real estate investment trust's stock after purchasing an additional 63,378 shares during the period. Rhumbline Advisers owned 0.20% of Welltower worth $157,209,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new position in shares of Welltower in the 4th quarter valued at approximately $25,000. Fortitude Family Office LLC raised its stake in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 78 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 187 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Welltower in the 3rd quarter valued at approximately $50,000. Finally, FSA Wealth Management LLC bought a new position in shares of Welltower in the 3rd quarter valued at approximately $59,000. 94.80% of the stock is owned by hedge funds and other institutional investors.
Welltower Stock Performance
Shares of NYSE:WELL traded down $1.09 during trading on Wednesday, hitting $149.71. 2,345,178 shares of the stock were exchanged, compared to its average volume of 2,597,846. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $152.81. The company has a market capitalization of $96.01 billion, a price-to-earnings ratio of 95.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.23. The company's fifty day simple moving average is $132.58 and its 200-day simple moving average is $129.60. 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 announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Welltower Inc. will post 4.87 EPS for the current fiscal year.
Welltower Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower's dividend payout ratio is 171.79%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Bank of America lifted their price target on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday. Scotiabank lifted their price target on Welltower from $142.00 to $144.00 and gave the stock a "sector outperform" rating in a research report on Monday, January 27th. Mizuho lifted their price target on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Finally, Raymond James lifted their price target on Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $140.19.
Read Our Latest Stock Report on WELL
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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