MML Investors Services LLC raised its stake in Welltower Inc. (NYSE:WELL - Free Report) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,323 shares of the real estate investment trust's stock after acquiring an additional 2,856 shares during the period. MML Investors Services LLC's holdings in Welltower were worth $4,830,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of WELL. Vanguard Group Inc. raised its holdings in shares of Welltower by 2.7% during the 4th 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 in the last quarter. Capital International Investors lifted its holdings in shares of Welltower by 0.9% in the fourth quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock worth $4,674,826,000 after acquiring an additional 318,496 shares during the last quarter. Norges Bank bought a new position in shares of Welltower in the fourth quarter worth about $3,943,892,000. FMR LLC boosted its stake in shares of Welltower by 9.4% in the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after purchasing an additional 1,354,231 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Welltower by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 13,558,841 shares of the real estate investment trust's stock valued at $1,707,570,000 after purchasing an additional 644,494 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.
Welltower Trading Down 2.3 %
WELL traded down $3.57 during trading on Thursday, hitting $149.02. The company's stock had a trading volume of 622,476 shares, compared to its average volume of 2,870,161. The firm has a market capitalization of $97.09 billion, a P/E ratio of 95.94, a PEG ratio of 2.87 and a beta of 0.93. Welltower Inc. has a twelve month low of $93.72 and a twelve month high of $158.55. The stock's fifty day moving average price is $148.10 and its 200-day moving average price is $138.77. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.
Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. Welltower's revenue was up 30.3% on a year-over-year basis. Analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is currently 171.79%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on WELL shares. Wedbush restated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $146.00 to $168.00 in a report on Friday, February 28th. Bank of America upped their target price on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and increased their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of Welltower in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and an average price target of $157.46.
Check Out Our Latest Stock Report on Welltower
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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