Zimmer Partners LP Raises Holdings in Welltower Inc. (NYSE:WELL)

Zimmer Partners LP boosted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,329,794 shares of the real estate investment trust's stock after acquiring an additional 13,044 shares during the quarter. Welltower comprises about 7.2% of Zimmer Partners LP's investment portfolio, making the stock its biggest position. Zimmer Partners LP owned 0.53% of Welltower worth $419,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in WELL. Roxbury Financial LLC purchased a new position in shares of Welltower during the fourth quarter valued at approximately $26,000. Sierra Ocean LLC purchased a new stake in shares of Welltower in the fourth quarter valued at approximately $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Welltower in the fourth quarter valued at approximately $50,000. Cape Investment Advisory Inc. purchased a new stake in shares of Welltower in the fourth quarter valued at approximately $53,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Welltower in the fourth quarter valued at approximately $68,000. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WELL shares. Mizuho boosted their price target on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Scotiabank boosted their price target on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a report on Thursday, March 6th. StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Morgan Stanley boosted their price target on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Wedbush reiterated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $161.83.

Welltower Stock Up 1.2%

Welltower stock opened at $150.54 on Tuesday. The business has a fifty day moving average of $147.51 and a two-hundred day moving average of $140.38. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a market cap of $98.45 billion, a P/E ratio of 96.50, a P/E/G ratio of 2.87 and a beta of 0.94. Welltower Inc. has a twelve month low of $99.77 and a twelve 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Welltower's revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. On average, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower's payout ratio is presently 154.02%.

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.

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