Pictet Asset Management Holding SA Buys 6,802 Shares of Welltower Inc. (NYSE:WELL)

Pictet Asset Management Holding SA grew its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,069,105 shares of the real estate investment trust's stock after acquiring an additional 6,802 shares during the period. Pictet Asset Management Holding SA owned 0.17% of Welltower worth $134,739,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Mather Group LLC. boosted its holdings in Welltower by 3.8% in the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock worth $259,000 after purchasing an additional 75 shares in the last quarter. Childress Capital Advisors LLC lifted its position in shares of Welltower by 3.7% in the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock worth $271,000 after buying an additional 76 shares during the last quarter. Woodmont Investment Counsel LLC boosted its stake in shares of Welltower by 3.8% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock worth $279,000 after acquiring an additional 81 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Welltower by 2.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock valued at $435,000 after acquiring an additional 83 shares during the last quarter. Finally, Graypoint LLC raised its stake in shares of Welltower by 2.5% in the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock valued at $432,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

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Welltower Stock Performance

WELL stock traded down $0.69 during trading on Wednesday, reaching $153.46. 664,896 shares of the stock were exchanged, compared to its average volume of 2,995,336. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $98.41 billion, a P/E ratio of 98.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The stock has a 50 day simple moving average of $146.67 and a 200-day simple moving average of $135.96.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share 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%. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date 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 currently 171.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WELL. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and upped their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Bank of America upped their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Wells Fargo & Company upped their price target on shares of Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Finally, Raymond James raised their price target on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $156.46.

Welltower Company 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.