Raiffeisen Bank International AG purchased a new position in Welltower Inc. (NYSE:WELL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,513 shares of the real estate investment trust's stock, valued at approximately $689,000.
Other large investors also recently modified their holdings of the company. Roxbury Financial LLC acquired 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 in the fourth quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new position in shares of Welltower during the fourth quarter worth about $50,000. Cape Investment Advisory Inc. acquired a new position in shares of Welltower during the fourth quarter worth about $53,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Welltower during the fourth quarter worth about $68,000. 94.80% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
WELL has been the topic of several research reports. Evercore ISI boosted their target price on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Morgan Stanley boosted their price objective 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. 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. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Finally, Wedbush reissued an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.83.
Read Our Latest Report on Welltower
Welltower Stock Performance
NYSE WELL traded up $2.15 on Friday, hitting $149.05. 713,043 shares of the stock were exchanged, compared to its average volume of 2,901,338. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The business's fifty day moving average is $147.54 and its 200 day moving average is $140.60. Welltower Inc. has a 52 week low of $99.77 and a 52 week high of $158.55. The company has a market capitalization of $97.47 billion, a PE ratio of 95.62, a P/E/G ratio of 2.87 and a beta of 0.94.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Welltower's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS. Research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a $0.67 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.80%. Welltower's dividend payout ratio is 154.02%.
Welltower Company Profile
(
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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