Hartford Funds Management Co LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,011 shares of the real estate investment trust's stock, valued at approximately $768,000.
Other large investors have also recently made changes to their positions in the company. Capital International Investors grew its stake in shares of Welltower by 0.9% during the fourth quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock worth $4,674,826,000 after acquiring an additional 318,496 shares during the last quarter. Norges Bank purchased a new stake in Welltower in the fourth quarter valued at approximately $3,943,892,000. Bank of America Corp DE boosted its position in Welltower by 9.7% in the fourth 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 buying an additional 1,652,611 shares during the last quarter. FMR LLC boosted its position in Welltower by 9.4% in the fourth quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after buying an additional 1,354,231 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Welltower by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 13,558,841 shares of the real estate investment trust's stock valued at $1,707,570,000 after buying an additional 644,494 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares of the company's stock, valued at $3,029,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company's stock.
Welltower Stock Performance
Shares of WELL stock opened at $160.55 on Tuesday. The stock has a fifty day moving average price of $152.07 and a 200 day moving average price of $146.76. The stock has a market cap of $104.99 billion, a PE ratio of 92.41, a P/E/G ratio of 1.85 and a beta of 0.92. Welltower Inc. has a 1 year low of $106.98 and a 1 year high of $161.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results 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. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business's revenue for the quarter was up 30.3% compared to the same quarter last year. Sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors 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 annualized dividend and a yield of 1.67%. Welltower's payout ratio is currently 154.02%.
Analyst Ratings Changes
A number of equities research analysts recently commented on WELL shares. Wells Fargo & Company upped their target price on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Evercore ISI upped their target price on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Scotiabank reiterated an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Morgan Stanley boosted their price target on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $168.18.
Check Out Our Latest Research Report on Welltower
Welltower Company Profile
(
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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