Lansforsakringar Fondforvaltning AB publ purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 204,857 shares of the real estate investment trust's stock, valued at approximately $25,818,000.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Geller Advisors LLC boosted its holdings in shares of Welltower by 3.7% in the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock valued at $241,000 after buying an additional 69 shares during the period. Mather Group LLC. boosted its stake in Welltower by 3.8% during the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock valued at $259,000 after purchasing an additional 75 shares during the period. Childress Capital Advisors LLC boosted its stake in Welltower by 3.7% during the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock valued at $271,000 after purchasing an additional 76 shares during the period. Woodmont Investment Counsel LLC boosted its stake in Welltower by 3.8% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock valued at $279,000 after purchasing an additional 81 shares during the period. Finally, Wealthspire Advisors LLC boosted its stake in Welltower by 2.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock valued at $435,000 after purchasing an additional 83 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Price Performance
Shares of NYSE WELL traded up $1.29 during midday trading on Thursday, reaching $152.99. The company's stock had a trading volume of 2,720,379 shares, compared to its average volume of 2,912,573. 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 company has a 50 day moving average price of $147.78 and a 200 day moving average price of $141.11. Welltower Inc. has a one year low of $100.13 and a one year high of $158.55. The company has a market cap of $100.05 billion, a price-to-earnings ratio of 98.07, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94.
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 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 business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm earned $1.01 EPS. The business's revenue for the quarter was up 30.3% on a year-over-year basis. On average, equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. Welltower's dividend payout ratio is currently 154.02%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Wells Fargo & Company reissued an "equal weight" rating on shares of Welltower in a research note on Thursday, April 17th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Scotiabank upped their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $161.83.
Read Our Latest Research Report on WELL
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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