Adelante Capital Management LLC Has $147.61 Million Position in Welltower Inc. (NYSE:WELL)

Adelante Capital Management LLC increased its stake in Welltower Inc. (NYSE:WELL - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,171,232 shares of the real estate investment trust's stock after acquiring an additional 20,350 shares during the period. Welltower makes up approximately 9.4% of Adelante Capital Management LLC's investment portfolio, making the stock its 2nd biggest position. Adelante Capital Management LLC owned approximately 0.19% of Welltower worth $147,610,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. boosted its position in shares of Welltower by 3.8% during the 4th 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 in the last quarter. Childress Capital Advisors LLC boosted its holdings in Welltower by 3.7% during the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock worth $271,000 after buying an additional 76 shares in the last quarter. Woodmont Investment Counsel LLC boosted its holdings in Welltower by 3.8% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock worth $279,000 after buying an additional 81 shares in the last quarter. Wealthspire Advisors LLC grew its position in Welltower by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after buying an additional 83 shares during the last quarter. Finally, Graypoint LLC increased its holdings 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 valued at $432,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WELL. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Bank of America boosted their price objective on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. StockNews.com cut shares of Welltower from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Mizuho boosted their price target on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $157.46.

Welltower Stock Up 0.1 %

Shares of NYSE:WELL traded up $0.15 during trading on Friday, reaching $150.48. 2,367,811 shares of the company traded hands, compared to its average volume of 2,877,381. The firm has a fifty day simple moving average of $148.06 and a 200 day simple moving average of $139.08. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 1-year low of $94.66 and a 1-year high of $158.55. The firm has a market cap of $98.04 billion, a P/E ratio of 96.46, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The firm had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The business's revenue for the quarter was up 30.3% on a year-over-year basis. Analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. Welltower's payout ratio is 171.79%.

Welltower Company 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.