Vontobel Holding Ltd. cut its position in Welltower Inc. (NYSE:WELL - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,618 shares of the real estate investment trust's stock after selling 4,999 shares during the period. Vontobel Holding Ltd.'s holdings in Welltower were worth $1,842,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WELL. Creative Planning grew its position in shares of Welltower by 2.3% in the 3rd quarter. Creative Planning now owns 165,077 shares of the real estate investment trust's stock valued at $21,135,000 after purchasing an additional 3,682 shares during the period. Net Worth Advisory Group acquired a new position in shares of Welltower in the third quarter valued at approximately $360,000. Blue Trust Inc. boosted its holdings in shares of Welltower by 182.1% in the third quarter. Blue Trust Inc. now owns 5,688 shares of the real estate investment trust's stock valued at $728,000 after buying an additional 3,672 shares during the period. Raymond James & Associates increased its position in shares of Welltower by 9.6% during the third quarter. Raymond James & Associates now owns 478,207 shares of the real estate investment trust's stock worth $61,225,000 after acquiring an additional 42,018 shares in the last quarter. Finally, One Degree Advisors Inc bought a new stake in Welltower in the 3rd quarter valued at $243,000. 94.80% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on WELL. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Raymond James boosted their target price on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Monday, December 16th. Bank of America upped their price target on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday. Scotiabank lifted their price objective on shares of Welltower from $142.00 to $144.00 and gave the company a "sector outperform" rating in a report on Monday, January 27th. Finally, Mizuho lifted their price target on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $140.19.
Check Out Our Latest Stock Report on Welltower
Welltower Stock Performance
NYSE WELL traded down $1.63 during trading on Friday, reaching $148.69. 3,988,113 shares of the company's stock were exchanged, compared to its average volume of 2,660,023. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $152.81. The stock has a market capitalization of $95.35 billion, a P/E ratio of 95.31, a PEG ratio of 2.86 and a beta of 1.23. The business has a 50 day moving average price of $133.83 and a 200-day moving average price of $130.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.
Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share 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%. Sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Tuesday, February 25th. Welltower's payout ratio is presently 171.79%.
Welltower Company Profile
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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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