Sei Investments Co. Sells 57,262 Shares of Welltower Inc. (NYSE:WELL)

Sei Investments Co. trimmed its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,559,488 shares of the real estate investment trust's stock after selling 57,262 shares during the quarter. Sei Investments Co. owned 0.41% of Welltower worth $322,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in 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 purchasing an additional 1,797,330 shares during the period. FMR LLC boosted its holdings in Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock worth $1,847,289,000 after buying an additional 3,977,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in Welltower by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust's stock valued at $489,585,000 after acquiring an additional 117,170 shares during the period. Finally, Amundi lifted its position in shares of Welltower by 18.5% during the fourth 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 in the last quarter. Institutional investors own 94.80% of the company's stock.

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Wall Street Analysts Forecast Growth

WELL has been the topic of a number of recent research reports. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $146.00 to $168.00 in a report on Friday, February 28th. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and increased their price objective for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Scotiabank lifted their price objective on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Welltower has a consensus rating of "Moderate Buy" and an average target price of $156.46.

Welltower Trading Up 1.1 %

Shares of NYSE:WELL traded up $1.61 during midday trading on Wednesday, hitting $149.78. 1,808,596 shares of the stock traded hands, compared to its average volume of 2,643,607. 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 business's 50 day moving average is $144.41 and its two-hundred day moving average is $135.13. The stock has a market capitalization of $96.06 billion, a PE ratio of 96.01, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55.

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 (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 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Tuesday, February 25th. Welltower's payout ratio is 171.79%.

Welltower Company Profile

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.