Stokes Family Office LLC purchased a new position in Welltower Inc. (NYSE:WELL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,387 shares of the real estate investment trust's stock, valued at approximately $553,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Systems of Alabama lifted 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 worth $60,228,000 after purchasing an additional 16,946 shares during the last quarter. Vestmark Advisory Solutions Inc. increased 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 worth $1,817,000 after acquiring an additional 7,872 shares during the period. Barclays PLC raised its stake in Welltower by 29.2% during the 3rd 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 last quarter. Park Avenue Securities LLC boosted its holdings in 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 valued at $1,696,000 after purchasing an additional 2,250 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in 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 last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Welltower Price Performance
Shares of Welltower stock traded down $1.05 during mid-day trading on Friday, reaching $146.84. 12,751,964 shares of the stock were exchanged, compared to its average volume of 2,626,810. The company has a market cap of $94.17 billion, a price-to-earnings ratio of 94.13, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a 50-day simple moving average of $143.50 and a 200 day simple moving average of $134.71.
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 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%. On average, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Announces Dividend
The business also recently declared 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. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.83%. Welltower's dividend payout ratio (DPR) is currently 171.79%.
Analyst Ratings Changes
A number of research analysts have recently commented on WELL shares. Wells Fargo & Company upped their price objective on shares of Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Scotiabank raised their price objective on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Evercore ISI lifted their price objective on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a report on Tuesday, March 4th. Mizuho raised their target price on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Finally, StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $156.46.
View Our Latest Stock Analysis on WELL
Welltower Company Profile
(
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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