Point72 Asset Management L.P. Reduces Stock Position in Welltower Inc. (NYSE:WELL)

Point72 Asset Management L.P. lessened its position in Welltower Inc. (NYSE:WELL - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,059 shares of the real estate investment trust's stock after selling 40,476 shares during the period. Point72 Asset Management L.P.'s holdings in Welltower were worth $7,947,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vestmark Advisory Solutions Inc. grew its stake in shares of Welltower by 120.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock worth $1,817,000 after purchasing an additional 7,872 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Welltower by 30.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock worth $68,666,000 after buying an additional 128,090 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock worth $1,696,000 after buying an additional 2,250 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Welltower by 17.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock valued at $244,114,000 after buying an additional 285,015 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in shares of Welltower during the fourth quarter valued at approximately $367,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Stock Down 0.9%

Shares of WELL traded down $1.40 on Thursday, hitting $146.90. 1,987,936 shares of the stock traded hands, compared to its average volume of 2,907,199. Welltower Inc. has a one year low of $99.77 and a one year high of $158.55. The company has a market capitalization of $96.07 billion, a PE ratio of 94.17, a P/E/G ratio of 2.87 and a beta of 0.94. The business has a 50 day simple moving average of $147.62 and a 200 day simple moving average of $140.51. 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 issued its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $1.01 EPS. The company's revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower's dividend payout ratio is currently 154.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Welltower in a research report on Thursday, April 17th. Scotiabank increased their target price on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Finally, Bank of America upped their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $161.83.

About Welltower

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.