Cetera Investment Advisers decreased its position in Welltower Inc. (NYSE:WELL - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,745 shares of the real estate investment trust's stock after selling 1,887 shares during the quarter. Cetera Investment Advisers' holdings in Welltower were worth $10,932,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in Welltower in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new position in Welltower in the fourth quarter valued at approximately $26,000. Sierra Ocean LLC purchased a new position in Welltower in the fourth quarter valued at approximately $28,000. First Command Advisory Services Inc. purchased a new position in Welltower in the fourth quarter valued at approximately $50,000. Finally, Cape Investment Advisory Inc. purchased a new position in Welltower in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Welltower Stock Performance
NYSE:WELL traded down $2.18 during midday trading on Wednesday, reaching $143.10. The stock had a trading volume of 3,016,208 shares, compared to its average volume of 2,902,715. The firm has a fifty day simple moving average of $147.48 and a two-hundred day simple moving average of $140.00. Welltower Inc. has a 12-month low of $99.30 and a 12-month high of $158.55. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a market cap of $93.58 billion, a P/E ratio of 91.73, a P/E/G ratio of 2.87 and a beta of 0.94.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the firm posted $1.01 EPS. Welltower's quarterly revenue was up 30.3% on a year-over-year basis. On average, equities analysts expect that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is currently 154.02%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Bank of America increased their price target on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Evercore ISI raised their target price on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Scotiabank raised their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Morgan Stanley raised their target price on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $161.83.
Check Out Our Latest Research Report 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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