Handelsbanken Fonder AB Has $49.71 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Handelsbanken Fonder AB cut its stake in Welltower Inc. (NYSE:WELL - Free Report) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,452 shares of the real estate investment trust's stock after selling 11,373 shares during the quarter. Handelsbanken Fonder AB owned 0.05% of Welltower worth $49,709,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WELL. Geller Advisors LLC lifted its holdings in Welltower by 3.7% during the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock worth $241,000 after purchasing an additional 69 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Welltower by 4.3% in the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock valued at $273,000 after buying an additional 73 shares in the last quarter. Woodmont Investment Counsel LLC increased its position in Welltower by 3.8% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock worth $279,000 after buying an additional 81 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Welltower by 27.0% during the first quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust's stock worth $58,000 after buying an additional 81 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its holdings in shares of Welltower by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after buying an additional 83 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of WELL stock traded up $0.31 on Friday, hitting $152.22. 2,487,399 shares of the company's stock were exchanged, compared to its average volume of 2,926,409. The company has a 50 day moving average of $148.67 and a 200 day moving average of $142.30. The stock has a market cap of $99.54 billion, a P/E ratio of 97.58, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. Welltower Inc. has a 12 month low of $100.13 and a 12 month high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. The firm had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The business's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. On average, equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is 154.02%.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of recent research reports. Morgan Stanley raised their price target 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. Mizuho raised their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Wedbush reissued an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Finally, Scotiabank raised their price objective on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $163.25.

Welltower Company Profile

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.