LMR Partners LLP bought a new position in Welltower Inc. (NYSE:WELL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,712 shares of the real estate investment trust's stock, valued at approximately $468,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Wedmont Private Capital lifted its position in shares of Welltower by 8.0% during the 4th quarter. Wedmont Private Capital now owns 7,221 shares of the real estate investment trust's stock valued at $901,000 after acquiring an additional 533 shares during the last quarter. Eastern Bank increased its position in Welltower by 1,087.6% during the fourth quarter. Eastern Bank now owns 1,152 shares of the real estate investment trust's stock worth $145,000 after buying an additional 1,055 shares during the last quarter. Oak Thistle LLC acquired a new position in Welltower during the fourth quarter worth $820,000. Board of the Pension Protection Fund acquired a new position in Welltower during the fourth quarter worth $920,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Welltower by 1.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust's stock valued at $2,638,000 after purchasing an additional 365 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Welltower Trading Up 1.2%
Shares of WELL stock traded up $1.73 on Friday, hitting $148.62. The stock had a trading volume of 2,412,621 shares, compared to its average volume of 2,906,057. Welltower Inc. has a twelve month low of $99.77 and a twelve month high of $158.55. The firm has a market cap of $97.19 billion, a P/E ratio of 95.27, a PEG ratio of 2.87 and a beta of 0.94. 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 fifty day moving average price of $147.44 and a two-hundred day moving average price of $140.21.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.05. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The firm's revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. As a group, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th will be given a $0.67 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.80%. Welltower's dividend payout ratio is currently 154.02%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on WELL shares. Morgan Stanley raised their price target on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Scotiabank raised their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Wedbush restated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Wells Fargo & Company reissued an "equal weight" rating on shares of Welltower in a report on Thursday, April 17th. Finally, Bank of America boosted their target price on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Welltower has a consensus rating of "Moderate Buy" and an average target price of $161.83.
Check Out Our Latest Report on WELL
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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