Wellington Management Group LLP Lowers Position in Welltower Inc. (NYSE:WELL)

Wellington Management Group LLP lowered its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 0.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 18,675,122 shares of the real estate investment trust's stock after selling 10,722 shares during the period. Wellington Management Group LLP owned approximately 2.91% of Welltower worth $2,353,626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WELL. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower in the fourth quarter valued at about $25,000. Roxbury Financial LLC purchased a new stake in Welltower in the 4th quarter valued at about $26,000. Sierra Ocean LLC bought a new position in shares of Welltower during the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its stake in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after buying an additional 187 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in shares of Welltower in the 4th quarter worth approximately $50,000. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WELL has been the topic of several research analyst reports. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Scotiabank boosted their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Thursday, March 6th. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Evercore ISI boosted their target price on shares of Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company raised their price target on shares of Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Welltower currently has an average rating of "Moderate Buy" and an average target price of $156.46.

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Welltower Stock Performance

Shares of Welltower stock traded up $0.89 during trading hours on Tuesday, reaching $154.10. The company had a trading volume of 3,198,022 shares, compared to its average volume of 2,810,286. The firm has a market cap of $98.83 billion, a PE ratio of 98.78, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55. 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 business has a fifty day simple moving average of $146.67 and a 200 day simple moving average of $135.96.

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, beating 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, analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's payout ratio is 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.