Point72 Asset Management L.P. lessened its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 63,059 shares of the real estate investment trust's stock after selling 40,476 shares during the quarter. Point72 Asset Management L.P.'s holdings in Welltower were worth $7,947,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Roxbury Financial LLC bought a new stake in shares of Welltower during the fourth quarter worth $26,000. Sierra Ocean LLC bought a new stake in shares of Welltower during the fourth quarter worth $28,000. First Command Advisory Services Inc. bought a new stake in shares of Welltower during the fourth quarter worth $50,000. Cape Investment Advisory Inc. bought a new stake in shares of Welltower in the fourth quarter worth $53,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Welltower in the fourth quarter worth $68,000. Institutional investors own 94.80% of the company's stock.
Welltower Stock Up 1.6%
Shares of NYSE WELL traded up $2.39 during trading on Friday, hitting $149.29. 2,183,274 shares of the company traded hands, compared to its average volume of 2,913,854. The business's fifty day moving average is $147.52 and its 200 day moving average is $140.74. Welltower Inc. has a fifty-two week low of $99.95 and a fifty-two week high of $158.55. The firm has a market capitalization of $97.63 billion, a price-to-earnings ratio of 95.70, a P/E/G ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.
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, beating the consensus estimate of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The business's quarterly revenue was up 30.3% compared to the same quarter last year. Equities research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Wednesday, May 14th. Welltower's payout ratio is presently 154.02%.
Analysts Set New Price Targets
WELL has been the topic of several analyst reports. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Evercore ISI boosted their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Wells Fargo & Company restated an "equal weight" rating on shares of Welltower in a report on Thursday, April 17th. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada upgraded 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 report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $161.83.
Check Out Our Latest Stock 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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