Teacher Retirement System of Texas increased its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 69.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 538,763 shares of the real estate investment trust's stock after acquiring an additional 221,692 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Welltower worth $67,900,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Empowered Funds LLC increased its position in shares of Welltower by 7.4% in the third quarter. Empowered Funds LLC now owns 10,094 shares of the real estate investment trust's stock valued at $1,292,000 after buying an additional 696 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Welltower by 18.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 142,881 shares of the real estate investment trust's stock valued at $18,294,000 after acquiring an additional 21,757 shares during the period. Pathstone Holdings LLC increased its holdings in Welltower by 1.2% in the 3rd quarter. Pathstone Holdings LLC now owns 44,609 shares of the real estate investment trust's stock worth $5,711,000 after acquiring an additional 548 shares in the last quarter. Caprock Group LLC raised its position in Welltower by 38.8% during the third quarter. Caprock Group LLC now owns 8,529 shares of the real estate investment trust's stock worth $1,092,000 after acquiring an additional 2,385 shares during the period. Finally, Prospera Financial Services Inc lifted its holdings in Welltower by 5.8% during the third quarter. Prospera Financial Services Inc now owns 8,450 shares of the real estate investment trust's stock valued at $1,083,000 after purchasing an additional 463 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
Wall Street Analysts Forecast Growth
WELL has been the subject of a number of research reports. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Wedbush upgraded Welltower from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Wells Fargo & Company raised their target price on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Mizuho boosted their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Finally, Scotiabank increased their price objective on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.46.
Get Our Latest Analysis on Welltower
Welltower Trading Up 2.5 %
NYSE WELL traded up $3.64 during trading hours on Monday, reaching $150.16. The company had a trading volume of 4,496,337 shares, compared to its average volume of 2,634,300. The stock has a 50-day moving average of $143.50 and a 200 day moving average of $134.78. The company has a current ratio of 4.22, a quick 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. The stock has a market capitalization of $96.30 billion, a P/E ratio of 96.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20.
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 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%. As a group, research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's payout ratio is 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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