TIAA Trust National Association Sells 1,999 Shares of Welltower Inc. (NYSE:WELL)

TIAA Trust National Association cut its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,130 shares of the real estate investment trust's stock after selling 1,999 shares during the quarter. TIAA Trust National Association's holdings in Welltower were worth $15,770,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Modern Wealth Management LLC acquired a new position in shares of Welltower in the fourth quarter valued at $5,255,000. Woodmont Investment Counsel LLC grew its position in shares of Welltower by 3.8% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock valued at $279,000 after purchasing an additional 81 shares during the last quarter. Corebridge Financial Inc. grew its holdings in Welltower by 15.3% in the 4th quarter. Corebridge Financial Inc. now owns 165,902 shares of the real estate investment trust's stock valued at $20,909,000 after buying an additional 22,036 shares in the last quarter. United Services Automobile Association increased its position in Welltower by 2.3% during the 4th quarter. United Services Automobile Association now owns 13,488 shares of the real estate investment trust's stock worth $1,700,000 after buying an additional 305 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Welltower by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after buying an additional 2,612,044 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a research report on Wednesday. Bank of America lifted their price objective on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and increased their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Evercore ISI boosted their price target on Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada upgraded shares of 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 research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $156.46.

Welltower Price Performance

WELL stock traded up $3.47 during midday trading on Friday, reaching $153.39. 2,852,597 shares of the stock were exchanged, compared to its average volume of 2,802,695. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a market capitalization of $98.37 billion, a PE ratio of 98.33, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The company has a fifty day moving average price of $145.78 and a 200 day moving average price of $135.57.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly 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 net margin of 11.91% and a return on equity of 3.15%. As a group, analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal 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 dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.75%. Welltower's payout ratio is currently 171.79%.

Welltower 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.