Robeco Institutional Asset Management B.V. grew its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 388,671 shares of the real estate investment trust's stock after acquiring an additional 17,655 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Welltower worth $59,548,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of WELL. Harbor Capital Advisors Inc. acquired a new stake in shares of Welltower during the first quarter worth approximately $28,000. Franchise Capital Ltd acquired a new stake in Welltower in the first quarter worth about $32,000. Capital Advisors Ltd. LLC increased its stake in shares of Welltower by 57.2% during the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 107 shares during the period. First Command Advisory Services Inc. acquired a new stake in shares of Welltower in the fourth quarter valued at $50,000. Finally, Cape Investment Advisory Inc. bought a new position in shares of Welltower during the 4th quarter valued at about $53,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on WELL shares. Mizuho lifted their target price on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research note on Monday. Wells Fargo & Company lifted their price target on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Royal Bank Of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Wedbush restated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $163.75.
Get Our Latest Report on Welltower
Welltower Stock Up 0.1%
NYSE:WELL opened at $153.57 on Friday. The stock has a 50-day moving average price of $150.40 and a two-hundred day moving average price of $143.43. Welltower Inc. has a 1 year low of $101.97 and a 1 year high of $158.55. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The stock has a market cap of $100.43 billion, a price-to-earnings ratio of 88.26, a PEG ratio of 1.78 and a beta of 0.94.
Welltower (NYSE:WELL - Get Free Report) last posted 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. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. Welltower's revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, equities analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Dividend Announcement
The business also recently declared 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 dividend on an annualized basis and a yield of 1.75%. Welltower's dividend payout ratio is 154.02%.
Welltower 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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