Welltower Inc. (NYSE:WELL) Stock Holdings Raised by PGGM Investments

PGGM Investments lifted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,467,640 shares of the real estate investment trust's stock after buying an additional 107,311 shares during the quarter. Welltower makes up approximately 3.4% of PGGM Investments' portfolio, making the stock its 2nd biggest position. PGGM Investments owned 0.45% of Welltower worth $222,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WELL. Bruce G. Allen Investments LLC acquired a new position in Welltower in the fourth quarter valued at approximately $25,000. Headlands Technologies LLC boosted its holdings in Welltower by 479.6% in the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 259 shares in the last quarter. FinTrust Capital Advisors LLC boosted its holdings 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 purchasing an additional 185 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in Welltower by 84.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 194 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in Welltower in the third quarter valued at approximately $38,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of research analyst reports. KeyCorp upped their price target on Welltower from $90.00 to $95.00 and gave the company an "overweight" rating in a report on Friday, January 5th. StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a research note on Friday, March 29th. Scotiabank reduced their price objective on Welltower from $97.00 to $96.00 and set a "sector outperform" rating for the company in a research note on Monday, March 4th. Mizuho boosted their price objective on Welltower from $90.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, January 3rd. Finally, BNP Paribas assumed coverage on Welltower in a research note on Monday, March 18th. They issued an "outperform" rating and a $104.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $95.57.

Welltower Stock Performance

Shares of Welltower stock traded up $0.34 during trading hours on Friday, hitting $94.34. 1,857,213 shares of the company were exchanged, compared to its average volume of 2,134,148. Welltower Inc. has a 1 year low of $72.47 and a 1 year high of $94.99. 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 business has a 50-day moving average of $92.06 and a 200-day moving average of $89.44. The stock has a market capitalization of $55.76 billion, a price-to-earnings ratio of 147.41, a P/E/G ratio of 2.38 and a beta of 1.08.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.79). The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. Welltower's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. As a group, analysts expect that Welltower Inc. will post 4.04 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.59%. The ex-dividend date was Thursday, February 22nd. Welltower's payout ratio is 381.26%.

Welltower Company Profile

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.