OVERSEA CHINESE BANKING Corp Ltd lowered its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,406 shares of the real estate investment trust's stock after selling 23,615 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Welltower were worth $12,210,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in Welltower by 1,412.2% during the fourth quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust's stock valued at $54,062,000 after purchasing an additional 555,353 shares during the last quarter. Harbour Trust & Investment Management Co bought a new stake in Welltower during the 4th quarter valued at $5,409,000. Koshinski Asset Management Inc. raised its holdings in Welltower by 55.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,108 shares of the real estate investment trust's stock valued at $370,000 after buying an additional 1,458 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Welltower by 27.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust's stock valued at $36,643,000 after buying an additional 96,046 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Welltower by 57.4% during the 4th quarter. Cerity Partners LLC now owns 168,106 shares of the real estate investment trust's stock valued at $15,158,000 after purchasing an additional 61,324 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.
Welltower Price Performance
WELL traded up $0.51 during trading on Friday, reaching $91.32. 1,901,567 shares of the company traded hands, compared to its average volume of 2,154,325. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22. Welltower Inc. has a 12-month low of $72.47 and a 12-month high of $94.63. The firm has a fifty day simple moving average of $91.83 and a 200 day simple moving average of $89.06. The company has a market cap of $53.97 billion, a P/E ratio of 142.69, a PEG ratio of 2.31 and a beta of 1.08.
Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share 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 business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same period last year, the business posted $0.83 earnings per share. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, equities analysts forecast that Welltower Inc. will post 4.03 EPS for the current year.
Welltower Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower's dividend payout ratio (DPR) is presently 381.25%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Mizuho upped their target price on shares of Welltower from $90.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a research note on Tuesday, January 30th. They set a "buy" rating and a $115.00 target price on the stock. Scotiabank lowered their price objective on shares of Welltower from $97.00 to $96.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 4th. StockNews.com cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Friday, March 29th. Finally, KeyCorp increased their price objective on shares of Welltower from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.57.
View Our Latest Stock Report on Welltower
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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