UniSuper Management Pty Ltd increased its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 3.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 395,744 shares of the real estate investment trust's stock after buying an additional 12,364 shares during the quarter. UniSuper Management Pty Ltd owned about 0.06% of Welltower worth $49,876,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. Elo Mutual Pension Insurance Co raised its holdings in shares of Welltower by 17.0% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 61,764 shares of the real estate investment trust's stock valued at $7,784,000 after buying an additional 8,983 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Welltower by 8.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,341,018 shares of the real estate investment trust's stock valued at $168,727,000 after acquiring an additional 107,987 shares during the period. Korea Investment CORP raised its stake in Welltower by 96.9% during the 4th quarter. Korea Investment CORP now owns 479,945 shares of the real estate investment trust's stock valued at $60,487,000 after acquiring an additional 236,233 shares during the last quarter. Financial Counselors Inc. lifted its position in Welltower by 146.4% during the 4th quarter. Financial Counselors Inc. now owns 10,272 shares of the real estate investment trust's stock worth $1,295,000 after acquiring an additional 6,104 shares during the period. Finally, Morey & Quinn Wealth Partners LLC purchased a new position in shares of Welltower in the 4th quarter valued at approximately $962,000. Hedge funds and other institutional investors own 94.80% of the company's stock.
Welltower Price Performance
WELL stock traded up $3.47 during midday trading on Friday, hitting $153.39. 2,852,597 shares of the stock were exchanged, compared to its average volume of 2,802,695. The stock's 50-day moving average price is $145.78 and its 200-day moving average price is $135.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market cap of $98.37 billion, a price-to-earnings ratio of 98.33, a PEG ratio of 2.87 and a beta of 1.20. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week 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 return on equity of 3.15% and a net margin of 11.91%. Research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. Welltower's dividend payout ratio is presently 171.79%.
Analyst Upgrades and Downgrades
WELL has been the subject of several analyst reports. Evercore ISI upped their price target on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 4th. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and upped their price objective for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Bank of America lifted their target price on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Mizuho increased their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Finally, Raymond James lifted their price objective on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a report on Monday, December 16th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $156.46.
Check Out Our Latest Research Report on Welltower
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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