Treasurer of the State of North Carolina grew its stake in Welltower Inc. (NYSE:WELL - Free Report) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,392 shares of the real estate investment trust's stock after acquiring an additional 7,140 shares during the quarter. Treasurer of the State of North Carolina's holdings in Welltower were worth $37,480,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 2,612,044 shares during the period. Norges Bank acquired a new stake in shares of Welltower in the 4th quarter valued at $3,943,892,000. FMR LLC lifted its stake in shares of Welltower by 9.4% in the fourth quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock worth $1,989,106,000 after buying an additional 1,354,231 shares during the last quarter. Geode Capital Management LLC increased its position in Welltower by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 13,558,841 shares of the real estate investment trust's stock worth $1,707,570,000 after buying an additional 644,494 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Welltower by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust's stock worth $489,585,000 after buying an additional 117,170 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WELL has been the topic of a number of research analyst reports. Mizuho increased their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and upped their price objective for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Wells Fargo & Company raised shares of Welltower from an "equal weight" rating to an "overweight" rating and set a $158.00 price objective for the company in a research report on Tuesday, April 8th. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, Scotiabank upped their price objective on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $156.46.
Check Out Our Latest Research Report on Welltower
Welltower Price Performance
WELL traded up $0.62 during midday trading on Wednesday, hitting $147.21. 630,391 shares of the company traded hands, compared to its average volume of 2,860,008. The company has a market capitalization of $95.45 billion, a price-to-earnings ratio of 94.37, a PEG ratio of 2.87 and a beta of 0.93. The business has a 50 day simple moving average of $148.09 and a two-hundred day simple moving average of $137.17. Welltower Inc. has a 52-week low of $87.87 and a 52-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.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 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%. On average, equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given 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 1.82%. Welltower's dividend payout ratio (DPR) is currently 171.79%.
About Welltower
(
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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