Connor Clark & Lunn Investment Management Ltd. raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 437.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,841 shares of the real estate investment trust's stock after acquiring an additional 51,148 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Welltower were worth $7,920,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Great Lakes Advisors LLC boosted its holdings in shares of Welltower by 61.9% during the fourth quarter. Great Lakes Advisors LLC now owns 3,739 shares of the real estate investment trust's stock valued at $471,000 after acquiring an additional 1,429 shares during the period. EverSource Wealth Advisors LLC increased its stake in Welltower by 72.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,753 shares of the real estate investment trust's stock worth $473,000 after purchasing an additional 1,583 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Welltower by 16.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 9,131 shares of the real estate investment trust's stock valued at $1,151,000 after acquiring an additional 1,307 shares in the last quarter. Natural Investments LLC purchased a new position in Welltower during the 4th quarter valued at about $206,000. Finally, GC Wealth Management RIA LLC grew its stake in shares of Welltower by 49.7% in the 4th quarter. GC Wealth Management RIA LLC now owns 23,006 shares of the real estate investment trust's stock valued at $2,899,000 after buying an additional 7,635 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Analysts Set New Price Targets
WELL has been the subject of several analyst reports. Mizuho boosted their target price on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday. Royal Bank of Canada upgraded 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. Evercore ISI upped their price target on Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research note on Tuesday, March 4th. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and increased their target price for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, Bank of America raised their price target on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and an average price target of $156.46.
Check Out Our Latest Stock Report on Welltower
Welltower Stock Down 0.8 %
WELL stock traded down $1.17 during trading on Wednesday, hitting $148.81. 4,879,945 shares of the company's stock traded hands, compared to its average volume of 2,771,849. The firm has a market capitalization of $95.43 billion, a P/E ratio of 95.39, a PEG ratio of 2.87 and a beta of 1.20. The business has a fifty day simple moving average of $142.19 and a two-hundred day simple moving average of $134.25. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.80%. 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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