Vanguard Group Inc. grew its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,295,258 shares of the real estate investment trust's stock after acquiring an additional 2,612,044 shares during the quarter. Vanguard Group Inc. owned about 15.79% of Welltower worth $12,388,151,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Welltower by 638.0% in 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 purchasing an additional 5,982,711 shares during the last quarter. FMR LLC increased its holdings in shares of Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock worth $1,847,289,000 after buying an additional 3,977,845 shares during the period. Wellington Management Group LLP lifted its stake in shares of Welltower by 10.6% in the 3rd 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 acquiring an additional 1,797,330 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Welltower during the 4th quarter valued at about $90,565,000. Finally, Amundi grew its position 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 acquiring an additional 589,255 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
Analysts Set New Price Targets
WELL has been the subject of several recent research reports. Scotiabank boosted their price objective on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research report on Thursday, March 6th. Bank of America increased their price target on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company boosted 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. Mizuho upped their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Finally, Evercore ISI raised their target price on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $156.46.
Get Our Latest Research Report on WELL
Welltower Stock Up 0.3 %
Shares of WELL stock traded up $0.39 during midday trading on Thursday, reaching $150.24. 2,849,151 shares of the stock were exchanged, compared to its average volume of 2,643,099. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55. 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's 50 day moving average is $145.31 and its two-hundred day moving average is $135.34. 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 posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, equities research analysts predict 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. Investors of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.78%. 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.
Featured Stories
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
