Wells Fargo & Company MN Decreases Stock Position in Welltower Inc. (NYSE:WELL)

Wells Fargo & Company MN trimmed its position in Welltower Inc. (NYSE:WELL - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,042,404 shares of the real estate investment trust's stock after selling 24,267 shares during the quarter. Wells Fargo & Company MN owned 0.17% of Welltower worth $131,374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WELL. Retirement Systems of Alabama boosted its stake in shares of Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock valued at $60,228,000 after purchasing an additional 16,946 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock worth $1,817,000 after buying an additional 7,872 shares during the last quarter. Barclays PLC increased its holdings in shares of Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock worth $215,659,000 after buying an additional 380,888 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Welltower by 30.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock valued at $68,666,000 after acquiring an additional 128,090 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock worth $1,696,000 after purchasing an additional 2,250 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

WELL has been the topic of several research reports. Wells Fargo & Company upgraded Welltower from an "equal weight" rating to an "overweight" rating and set a $158.00 price target on the stock in a report on Tuesday. Bank of America boosted their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and lifted their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $156.46.

Welltower Stock Down 0.4 %

Shares of NYSE WELL traded down $0.50 during trading on Friday, hitting $141.31. 696,950 shares of the company traded hands, compared to its average volume of 2,854,436. The firm has a market capitalization of $91.63 billion, a price-to-earnings ratio of 90.63, a P/E/G ratio of 2.87 and a beta of 0.93. The business's fifty day moving average is $147.87 and its 200 day moving average is $136.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. 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 announced 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%. Equities research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.90%. Welltower's dividend payout ratio (DPR) is presently 171.79%.

About Welltower

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.