Retirement Planning Group LLC NY purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,476 shares of the real estate investment trust's stock, valued at approximately $312,000.
Several other institutional investors have also recently added to or reduced their stakes in WELL. Vanguard Group Inc. increased its stake in Welltower by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock valued at $12,388,151,000 after purchasing an additional 2,612,044 shares during the last quarter. Capital International Investors increased its stake in Welltower by 0.9% during the fourth quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock valued at $4,674,826,000 after purchasing an additional 318,496 shares during the last quarter. Norges Bank bought a new stake in Welltower during the fourth quarter valued at $3,943,892,000. Bank of America Corp DE increased its stake in Welltower by 9.7% during the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after purchasing an additional 1,652,611 shares during the last quarter. Finally, FMR LLC increased its stake in Welltower by 9.4% during the fourth quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after purchasing an additional 1,354,231 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Trading Up 2.3%
WELL stock traded up $3.36 during mid-day trading on Tuesday, reaching $152.53. 2,342,702 shares of the stock traded hands, compared to its average volume of 2,911,571. The stock's fifty day moving average is $147.53 and its 200-day moving average is $140.85. 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 Inc. has a 52-week low of $99.95 and a 52-week high of $158.55. The company has a market cap of $99.75 billion, a P/E ratio of 97.78, a P/E/G ratio of 2.87 and a beta of 0.94.
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 (EPS) 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 company 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 business earned $1.01 EPS. The company's revenue was up 30.3% on a year-over-year basis. As a group, sell-side analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's payout ratio is currently 154.02%.
Analysts Set New Price Targets
Several research firms have weighed in on WELL. Wedbush reiterated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Mizuho upped their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of Welltower in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $161.83.
Read Our Latest Stock Analysis on Welltower
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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