Amalgamated Bank Has $18.19 Million Position in Welltower Inc. (NYSE:WELL)

Amalgamated Bank boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,696 shares of the real estate investment trust's stock after buying an additional 4,115 shares during the period. Amalgamated Bank's holdings in Welltower were worth $18,185,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WELL. Vanguard Group Inc. boosted its stake in shares of Welltower by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock valued at $12,388,151,000 after purchasing an additional 2,612,044 shares in the last quarter. Capital International Investors boosted its stake in shares of Welltower by 0.9% in the 4th quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock valued at $4,674,826,000 after purchasing an additional 318,496 shares in the last quarter. Norges Bank acquired a new stake in shares of Welltower in the 4th quarter valued at $3,943,892,000. Bank of America Corp DE boosted its stake in shares of Welltower by 9.7% in the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after purchasing an additional 1,652,611 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Welltower by 9.4% in the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after purchasing an additional 1,354,231 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Performance

Shares of NYSE:WELL opened at $152.20 on Monday. The stock has a market capitalization of $99.53 billion, a P/E ratio of 87.47, a P/E/G ratio of 1.77 and a beta of 0.94. Welltower Inc. has a 1-year low of $102.92 and a 1-year high of $190.00. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $150.50 and a two-hundred day moving average price of $143.80.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. The firm had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The company's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. Equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.76%. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their price target on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Mizuho upped their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Finally, Wedbush reiterated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Welltower has a consensus rating of "Moderate Buy" and a consensus target price of $163.75.

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.

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