Victory Capital Management Inc. reduced its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,986 shares of the real estate investment trust's stock after selling 16,392 shares during the period. Victory Capital Management Inc. owned about 0.06% of Welltower worth $43,731,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Commerzbank Aktiengesellschaft FI lifted its position in shares of Welltower by 26.8% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 5,579 shares of the real estate investment trust's stock worth $697,000 after purchasing an additional 1,180 shares in the last quarter. State of Michigan Retirement System boosted its stake in Welltower by 1.8% during the 4th quarter. State of Michigan Retirement System now owns 160,509 shares of the real estate investment trust's stock valued at $20,229,000 after acquiring an additional 2,900 shares during the last quarter. Schechter Investment Advisors LLC boosted its stake in Welltower by 2.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 4,658 shares of the real estate investment trust's stock valued at $587,000 after acquiring an additional 115 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in Welltower by 118.3% during the 4th quarter. Fidelis Capital Partners LLC now owns 3,669 shares of the real estate investment trust's stock valued at $462,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Investment Partners LTD. bought a new position in Welltower during the 4th quarter valued at $202,000. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Price Performance
WELL traded down $1.76 on Friday, reaching $147.22. The company had a trading volume of 3,323,918 shares, compared to its average volume of 2,580,374. The company has a fifty day moving average of $138.99 and a 200-day moving average of $132.75. The company has a market capitalization of $94.41 billion, a P/E ratio of 94.37, a PEG ratio of 2.87 and a beta of 1.20. 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 Inc. has a one year low of $87.87 and a one year high of $158.55.
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, 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, equities research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders 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 annualized dividend and a dividend yield of 1.82%. Welltower's dividend payout ratio (DPR) is 171.79%.
Wall Street Analyst Weigh In
A number of research firms have commented on WELL. Scotiabank increased their price objective on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday. StockNews.com cut shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Raymond James increased their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. Finally, Mizuho increased their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $148.42.
Check Out Our Latest Report on Welltower
Welltower Company 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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