Welltower Inc. (NYSE:WELL) Shares Bought by Summit Global Investments

Summit Global Investments increased its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 193.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,925 shares of the real estate investment trust's stock after acquiring an additional 4,566 shares during the period. Summit Global Investments' holdings in Welltower were worth $873,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Welltower by 10.6% in 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 in the last quarter. FMR LLC boosted its position 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 valued at $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 increased its position in shares of Welltower by 638.0% during the third 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 worth $886,022,000 after acquiring an additional 5,982,711 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Welltower by 3.1% in the fourth 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 in the last quarter. Finally, Amundi grew its stake in Welltower by 18.5% during the 4th quarter. Amundi now owns 3,773,827 shares of the real estate investment trust's stock worth $477,314,000 after purchasing an additional 589,255 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

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Welltower Stock Performance

Welltower stock traded up $0.39 during mid-day trading on Thursday, reaching $150.24. 2,849,151 shares of the company were exchanged, compared to its average volume of 2,644,828. The firm has a market cap of $96.35 billion, a PE ratio of 96.31, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm's 50-day simple moving average is $144.88 and its two-hundred day simple moving average is $135.23. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55.

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 (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's payout ratio is 171.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WELL shares. Bank of America lifted their price objective on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Wedbush raised shares of Welltower from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Jefferies Financial Group raised 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 report on Thursday, January 2nd. Evercore ISI lifted their price target on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a report on Tuesday, March 4th. Finally, Raymond James increased their price objective on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $156.46.

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.