Focus Partners Wealth raised its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 74.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,905 shares of the real estate investment trust's stock after purchasing an additional 15,808 shares during the period. Focus Partners Wealth's holdings in Welltower were worth $4,809,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of WELL. Norges Bank acquired a new stake in Welltower in the fourth quarter valued at approximately $3,943,892,000. Northern Trust Corp grew its holdings in Welltower by 53.5% in the fourth quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock valued at $1,062,495,000 after purchasing an additional 2,939,229 shares during the period. Vanguard Group Inc. grew its holdings in 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 valued at $12,388,151,000 after purchasing an additional 2,612,044 shares during the period. Groupama Asset Managment grew its holdings in Welltower by 23,204.3% in the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock valued at $2,183,000 after purchasing an additional 1,891,847 shares during the period. Finally, Bank of America Corp DE grew its holdings in Welltower by 9.7% in 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 period. 94.80% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on WELL. Mizuho lifted their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Scotiabank lifted their price target on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Morgan Stanley lifted their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $161.83.
View Our Latest Report on Welltower
Welltower Trading Up 1.2%
NYSE:WELL traded up $1.73 on Friday, reaching $148.62. The company's stock had a trading volume of 2,412,621 shares, compared to its average volume of 2,906,057. Welltower Inc. has a 12-month low of $99.77 and a 12-month high of $158.55. 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 $97.19 billion, a price-to-earnings ratio of 95.27, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The stock has a 50 day moving average price of $147.44 and a 200 day moving average price of $140.21.
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, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the business earned $1.01 earnings per share. The company's revenue for the quarter was up 30.3% on a year-over-year basis. On average, equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.80%. Welltower's dividend payout ratio is presently 154.02%.
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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