Russell Investments Group Ltd. Sells 311,856 Shares of Welltower Inc. (NYSE:WELL)

Russell Investments Group Ltd. lowered its position in Welltower Inc. (NYSE:WELL - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,491,099 shares of the real estate investment trust's stock after selling 311,856 shares during the period. Welltower comprises about 0.6% of Russell Investments Group Ltd.'s portfolio, making the stock its 17th largest position. Russell Investments Group Ltd. owned about 0.56% of Welltower worth $439,913,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Mather Group LLC. lifted its stake 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 valued at $259,000 after purchasing an additional 75 shares during the last quarter. Childress Capital Advisors LLC increased its holdings in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock worth $271,000 after acquiring an additional 76 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in Welltower by 3.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock valued at $279,000 after acquiring an additional 81 shares during the period. Wealthspire Advisors LLC boosted its position in Welltower by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after purchasing an additional 83 shares during the period. Finally, Graypoint LLC increased its stake in shares of Welltower by 2.5% in the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock worth $432,000 after purchasing an additional 84 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Remove Ads

Welltower Price Performance

WELL traded up $0.93 during trading on Thursday, reaching $142.42. The stock had a trading volume of 1,414,260 shares, compared to its average volume of 2,861,982. The business has a 50-day moving average of $147.84 and a 200-day moving average of $136.71. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55. 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 $92.35 billion, a PE ratio of 90.88, a PEG ratio of 2.87 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last announced 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%. As a group, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.88%. Welltower's dividend payout ratio is currently 171.79%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WELL. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Raymond James increased their price objective on Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. Bank of America upped their price target on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Evercore ISI increased their price target on shares of Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $156.46.

Welltower 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.