Cresset Asset Management LLC Takes $713,000 Position in Welltower Inc. (NYSE:WELL)

Cresset Asset Management LLC purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,654 shares of the real estate investment trust's stock, valued at approximately $713,000.

A number of other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Welltower during the fourth quarter worth $3,943,892,000. Northern Trust Corp grew its holdings in shares of Welltower by 53.5% during the fourth quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock worth $1,062,495,000 after purchasing an additional 2,939,229 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Welltower by 2.7% during 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 purchasing an additional 2,612,044 shares during the last quarter. Groupama Asset Managment grew its holdings in shares of Welltower by 23,204.3% during the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock worth $2,183,000 after purchasing an additional 1,891,847 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings 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 last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 1.2%

Shares of NYSE WELL traded up $1.73 during mid-day trading on Friday, reaching $148.62. 2,412,621 shares of the company's stock were exchanged, compared to its average volume of 2,902,085. The firm has a market capitalization of $97.19 billion, a price-to-earnings 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 business has a fifty day simple moving average of $147.44 and a 200 day simple moving average of $140.21. Welltower Inc. has a twelve month low of $99.77 and a twelve month high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping 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 company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm posted $1.01 earnings per share. Welltower's revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.80%. Welltower's dividend payout ratio is 154.02%.

Analysts Set New Price Targets

WELL has been the topic of several research analyst reports. Wells Fargo & Company restated an "equal weight" rating on shares of Welltower in a report on Thursday, April 17th. Bank of America upped their price target on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Scotiabank upped their price target on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Finally, Mizuho upped their price target on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $161.83.

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.