KBC Group NV Boosts Stock Position in Welltower Inc. (NYSE:WELL)

KBC Group NV increased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442,530 shares of the real estate investment trust's stock after acquiring an additional 45,754 shares during the quarter. KBC Group NV owned about 0.07% of Welltower worth $67,800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WELL. Harbor Capital Advisors Inc. bought a new position in Welltower in the 1st quarter valued at $28,000. Franchise Capital Ltd purchased a new stake in shares of Welltower in the 1st quarter worth $32,000. ZynergyRetirementPlanningLLC purchased a new stake in shares of Welltower in the 1st quarter worth $33,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Welltower by 57.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after buying an additional 107 shares during the period. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Welltower in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on WELL. Evercore ISI increased their price target on 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 lowered Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Mizuho lifted their price target on 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. Finally, Wells Fargo & Company lifted their price target on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $163.75.

Welltower Trading Down 1.3%

Shares of NYSE WELL traded down $2.05 during trading on Tuesday, reaching $151.68. The stock had a trading volume of 3,232,609 shares, compared to its average volume of 2,913,282. Welltower Inc. has a fifty-two week low of $102.92 and a fifty-two week high of $158.55. The company has a market cap of $99.19 billion, a P/E ratio of 87.17, a PEG ratio of 1.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. The business's 50-day moving average price is $150.70 and its 200-day moving average price is $143.98.

Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The firm 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 EPS. Welltower's revenue for the quarter was up 30.3% on a year-over-year basis. On average, equities research analysts predict 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 was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were given a $0.67 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.77%. Welltower's dividend payout ratio (DPR) is presently 154.02%.

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.