Impax Asset Management Group plc increased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 80.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,918 shares of the real estate investment trust's stock after acquiring an additional 25,765 shares during the period. Impax Asset Management Group plc's holdings in Welltower were worth $5,222,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of WELL. Bruce G. Allen Investments LLC purchased a new stake in shares of Welltower during the 4th quarter valued at $25,000. Headlands Technologies LLC increased its holdings in Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust's stock worth $26,000 after buying an additional 259 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in Welltower in the second quarter worth about $26,000. Compass Wealth Management LLC purchased a new position in Welltower in the fourth quarter valued at about $26,000. Finally, FinTrust Capital Advisors LLC boosted its stake in Welltower by 117.8% in the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 185 shares during the last quarter. 94.80% of the stock is owned by institutional investors.
Welltower Price Performance
Shares of NYSE:WELL traded up $0.15 during trading on Thursday, reaching $90.35. The company had a trading volume of 2,312,314 shares, compared to its average volume of 2,604,677. Welltower Inc. has a 12 month low of $72.47 and a 12 month high of $94.63. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $53.40 billion, a P/E ratio of 140.94, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a fifty day moving average of $91.45 and a two-hundred day moving average of $88.63.
Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the company earned $0.83 EPS. The firm's revenue was up 15.2% compared to the same quarter last year. Equities research analysts forecast that Welltower Inc. will post 4.03 earnings per share for the current year.
Welltower Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.70%. The ex-dividend date was Thursday, February 22nd. Welltower's dividend payout ratio is currently 381.25%.
Analyst Ratings Changes
A number of research firms recently commented on WELL. StockNews.com cut shares of Welltower from a "hold" rating to a "sell" rating in a report on Friday, March 29th. JPMorgan Chase & Co. raised shares of Welltower from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $92.00 to $99.00 in a report on Monday, December 18th. KeyCorp increased their target price on Welltower from $90.00 to $95.00 and gave the stock an "overweight" rating in a research report on Friday, January 5th. Mizuho raised their price target on Welltower from $90.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Welltower in a research note on Tuesday, January 30th. They set a "buy" rating and a $115.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $95.57.
Check Out Our Latest Stock Report on WELL
About Welltower
(
Free Report)
Welltower Inc NYSE: WELL, a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
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