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Sarasin & Partners LLP Buys Shares of 33,962 Welltower Inc. (NYSE:WELL)

Welltower logo with Finance background

Sarasin & Partners LLP acquired a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,962 shares of the real estate investment trust's stock, valued at approximately $5,203,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Welltower by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after buying an additional 2,612,044 shares during the last quarter. Capital International Investors raised its position in shares of 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 buying an additional 318,496 shares during the last quarter. Norges Bank bought a new stake in shares of Welltower during the fourth quarter valued at approximately $3,943,892,000. Bank of America Corp DE boosted 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 worth $2,357,617,000 after buying an additional 1,652,611 shares during the period. Finally, FMR LLC boosted 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 worth $1,989,106,000 after buying an additional 1,354,231 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on WELL shares. Scotiabank lifted their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Wells Fargo & Company boosted their target price on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday. Evercore ISI boosted their target price on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Bank of America upped their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Mizuho upped their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $163.25.

View Our Latest Analysis on Welltower

Welltower Stock Performance

NYSE WELL traded up $1.19 during trading hours on Thursday, reaching $153.24. The stock had a trading volume of 1,110,672 shares, compared to its average volume of 2,908,187. The stock has a fifty day moving average of $148.03 and a 200 day moving average of $141.61. The stock has a market cap of $100.21 billion, a P/E ratio of 98.23, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. Welltower Inc. has a 52-week low of $100.13 and a 52-week high of $158.55. 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 posted its earnings results 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 during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the firm earned $1.01 EPS. The business's quarterly revenue was up 30.3% on a year-over-year basis. Sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's 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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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