Centiva Capital LP lowered its position in Welltower Inc. (NYSE:WELL - Free Report) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,582 shares of the real estate investment trust's stock after selling 2,321 shares during the quarter. Centiva Capital LP's holdings in Welltower were worth $2,216,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Welltower in the fourth quarter worth $3,943,892,000. Northern Trust Corp boosted its stake in Welltower by 53.5% during the 4th quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock valued at $1,062,495,000 after purchasing an additional 2,939,229 shares in the last quarter. Vanguard Group Inc. raised its position in Welltower by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after acquiring an additional 2,612,044 shares in the last quarter. Groupama Asset Managment increased its holdings in shares of Welltower by 23,204.3% in the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock valued at $2,183,000 after buying an additional 1,891,847 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Welltower by 9.7% during the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock worth $2,357,617,000 after purchasing an additional 1,652,611 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.
Welltower Stock Performance
NYSE:WELL traded down $3.37 during mid-day trading on Monday, reaching $145.81. 1,082,188 shares of the company's stock were exchanged, compared to its average volume of 2,888,423. The business's fifty day simple moving average is $147.74 and its two-hundred day simple moving average is $139.86. Welltower Inc. has a one year low of $98.36 and a one year high of $158.55. The firm has a market capitalization of $95.35 billion, a PE ratio of 93.51, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. 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 (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Welltower's quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. Analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.84%. Welltower's payout ratio is currently 154.02%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Mizuho raised their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Wedbush reaffirmed 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 research report on Thursday, April 17th. Scotiabank increased their price target on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a report on Thursday, March 6th. Finally, Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $161.83.
Check Out Our Latest Stock Analysis on Welltower
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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