Corebridge Financial Inc. Has $20.91 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Corebridge Financial Inc. lifted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,902 shares of the real estate investment trust's stock after buying an additional 22,036 shares during the period. Corebridge Financial Inc.'s holdings in Welltower were worth $20,909,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WELL. Retirement Systems of Alabama boosted its position in Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock worth $60,228,000 after acquiring an additional 16,946 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in shares of Welltower by 120.3% in 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 purchasing an additional 7,872 shares in the last quarter. Barclays PLC boosted 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 purchasing an additional 380,888 shares during the period. Park Avenue Securities LLC grew its position in Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock valued at $1,696,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in Welltower by 17.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock valued at $244,114,000 after purchasing an additional 285,015 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research report on Wednesday. Evercore ISI increased their price objective on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a report on Tuesday, March 4th. Bank of America boosted their target price on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Mizuho raised their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Finally, Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and boosted their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $156.46.

Welltower Stock Performance

Shares of NYSE WELL traded up $3.47 during trading hours on Friday, hitting $153.39. 2,852,597 shares of the stock were exchanged, compared to its average volume of 2,802,695. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55. The company's 50 day moving average is $145.78 and its 200 day moving average is $135.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a market capitalization of $98.37 billion, a P/E ratio of 98.33, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, research analysts expect that Welltower Inc. will post 4.88 EPS for the current 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 given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is currently 171.79%.

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.