DnB Asset Management AS raised its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,635 shares of the real estate investment trust's stock after acquiring an additional 24,591 shares during the quarter. DnB Asset Management AS's holdings in Welltower were worth $16,338,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC acquired a new position in shares of Welltower during the third quarter valued at about $81,000. Centaurus Financial Inc. acquired a new position in shares of Welltower in the 3rd quarter valued at $101,000. D.A. Davidson & CO. raised its stake in Welltower by 5.9% in the 3rd quarter. D.A. Davidson & CO. now owns 17,118 shares of the real estate investment trust's stock worth $2,192,000 after acquiring an additional 949 shares during the last quarter. Townsquare Capital LLC lifted its position in Welltower by 73.0% during the 3rd quarter. Townsquare Capital LLC now owns 5,446 shares of the real estate investment trust's stock worth $697,000 after acquiring an additional 2,298 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in Welltower by 8.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,702 shares of the real estate investment trust's stock worth $858,000 after acquiring an additional 543 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Welltower Price Performance
Shares of WELL stock traded down $0.71 during mid-day trading on Wednesday, hitting $153.44. 753,090 shares of the stock were exchanged, compared to its average volume of 2,802,293. 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 52-week low of $87.87 and a 52-week high of $158.55. The firm has a fifty day moving average of $146.67 and a 200 day moving average of $135.96. The company has a market cap of $98.40 billion, a PE ratio of 98.36, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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 anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors 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 1.75%. Welltower's dividend payout ratio (DPR) is presently 171.79%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Mizuho upped their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and raised their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, 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 report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $156.46.
View Our Latest Stock Analysis on WELL
Welltower 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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