Lazard Asset Management LLC Has $1.12 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Lazard Asset Management LLC decreased its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 55.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,857 shares of the real estate investment trust's stock after selling 11,122 shares during the period. Lazard Asset Management LLC's holdings in Welltower were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Geller Advisors LLC boosted its position in shares of Welltower by 3.7% during the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock worth $241,000 after acquiring an additional 69 shares in the last quarter. Mather Group LLC. boosted its position in shares of Welltower by 3.8% during the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock worth $259,000 after acquiring an additional 75 shares in the last quarter. Childress Capital Advisors LLC boosted its position in shares of 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 worth $271,000 after acquiring an additional 76 shares in the last quarter. Woodmont Investment Counsel LLC boosted its position in shares of 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 worth $279,000 after acquiring an additional 81 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its position in shares of Welltower by 2.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after acquiring an additional 83 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Trading Up 1.2%

Shares of WELL stock opened at $150.54 on Tuesday. Welltower Inc. has a 1-year low of $99.77 and a 1-year high of $158.55. The stock has a 50-day moving average of $147.51 and a 200-day moving average of $140.38. The stock has a market cap of $98.45 billion, a price-to-earnings ratio of 96.50, 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.

Welltower (NYSE:WELL - Get Free Report) last announced its 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 net margin of 11.91% and a return on equity of 3.15%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm earned $1.01 earnings per share. Welltower's quarterly revenue was up 30.3% on a year-over-year basis. On average, equities research analysts forecast 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 will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is currently 154.02%.

Analyst Ratings Changes

A number of brokerages have weighed in on WELL. Evercore ISI raised their target price on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Mizuho raised their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Bank of America raised their target price on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Wedbush restated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Finally, StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. 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 company's stock. Based on data from MarketBeat, Welltower presently has a consensus 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.

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