Skandinaviska Enskilda Banken AB publ Buys 2,782 Shares of Welltower Inc. (NYSE:WELL)

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 121,024 shares of the real estate investment trust's stock after purchasing an additional 2,782 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Welltower were worth $15,118,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Roxbury Financial LLC acquired a new position in shares of Welltower during the fourth quarter worth $26,000. Laurel Wealth Advisors LLC bought a new position in Welltower during the fourth quarter worth $25,000. Sierra Ocean LLC bought a new position in Welltower during the fourth quarter worth $28,000. Versant Capital Management Inc raised its stake in Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after buying an additional 187 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Welltower during the third quarter worth $50,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Down 0.9 %

Shares of NYSE WELL traded down $1.34 during mid-day trading on Tuesday, reaching $149.92. 2,837,982 shares of the company's stock traded hands, compared to its average volume of 2,569,081. The stock has a market cap of $96.14 billion, a P/E ratio of 96.10, a PEG ratio of 2.87 and a beta of 1.20. The business has a 50-day simple moving average of $141.68 and a 200 day simple moving average of $134.04. Welltower Inc. has a 1-year low of $87.87 and a 1-year 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.

Remove Ads

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and lifted their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Evercore ISI lifted their price target on shares of Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research note on Tuesday, March 4th. Finally, Scotiabank lifted their price target on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $152.42.

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.