Thrivent Financial for Lutherans cut its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 125,544 shares of the real estate investment trust's stock after selling 17,337 shares during the period. Thrivent Financial for Lutherans' holdings in Welltower were worth $15,849,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Retirement Systems of Alabama lifted its holdings in shares of Welltower by 3.7% during the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock worth $60,228,000 after buying an additional 16,946 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Welltower by 120.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock valued at $1,817,000 after purchasing an additional 7,872 shares during the last quarter. Barclays PLC boosted its holdings in Welltower by 29.2% in 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 period. Park Avenue Securities LLC grew its position 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 worth $1,696,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Welltower by 17.3% during 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 period. Institutional investors and hedge funds own 94.80% of the company's stock.
Analyst Upgrades and Downgrades
WELL has been the topic of a number of recent research reports. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Mizuho lifted their price objective on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Wells Fargo & Company upped their target price on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Bank of America lifted their price target on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Raymond James increased their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Monday, December 16th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $156.46.
Check Out Our Latest Report on Welltower
Welltower Price Performance
NYSE:WELL traded up $1.61 on Wednesday, reaching $149.78. The stock had a trading volume of 1,808,592 shares, compared to its average volume of 2,640,152. 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 company has a market capitalization of $96.06 billion, a P/E ratio of 96.01, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The stock has a fifty day moving average price of $144.41 and a 200-day moving average price of $135.13.
Welltower (NYSE:WELL - Get Free Report) last posted 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 net margin of 11.91% and a return on equity of 3.15%. Research analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.79%. Welltower's dividend payout ratio (DPR) is currently 171.79%.
Welltower 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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