Amalgamated Bank Purchases 8,332 Shares of Welltower Inc. (NYSE:WELL)

Amalgamated Bank boosted its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 138,482 shares of the real estate investment trust's stock after purchasing an additional 8,332 shares during the quarter. Amalgamated Bank's holdings in Welltower were worth $12,487,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Westover Capital Advisors LLC increased its holdings in shares of Welltower by 7.3% in the fourth quarter. Westover Capital Advisors LLC now owns 33,439 shares of the real estate investment trust's stock worth $3,015,000 after acquiring an additional 2,277 shares in the last quarter. Natixis Advisors L.P. increased its stake in Welltower by 12.3% during the 4th quarter. Natixis Advisors L.P. now owns 231,424 shares of the real estate investment trust's stock worth $20,867,000 after purchasing an additional 25,395 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Welltower by 21.2% during the 4th quarter. First Horizon Advisors Inc. now owns 691 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 121 shares in the last quarter. Swiss National Bank lifted its stake in Welltower by 1.5% in the fourth quarter. Swiss National Bank now owns 1,622,100 shares of the real estate investment trust's stock valued at $146,265,000 after buying an additional 23,400 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its holdings in shares of Welltower by 19.0% in the fourth quarter. First Trust Direct Indexing L.P. now owns 12,807 shares of the real estate investment trust's stock valued at $1,155,000 after buying an additional 2,044 shares during the period. Institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research analyst reports. StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Friday, March 29th. Scotiabank cut their price target on Welltower from $97.00 to $96.00 and set a "sector outperform" rating on the stock in a report on Monday, March 4th. KeyCorp increased their price objective on Welltower from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Friday, January 5th. BNP Paribas began coverage on Welltower in a research note on Monday, March 18th. They issued an "outperform" rating and a $104.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Welltower in a research note on Tuesday, January 30th. They set a "buy" rating and a $115.00 price target for the company. One investment 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. According to MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and an average price target of $95.57.

Welltower Stock Performance

NYSE WELL traded down $0.27 during trading on Friday, reaching $95.81. 2,557,328 shares of the company's stock were exchanged, compared to its average volume of 2,394,857. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.22. The business has a 50 day moving average price of $92.26 and a 200-day moving average price of $89.76. The stock has a market capitalization of $57.29 billion, a P/E ratio of 118.28, a PEG ratio of 2.43 and a beta of 1.07. Welltower Inc. has a fifty-two week low of $72.47 and a fifty-two week high of $98.19.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm's revenue was up 19.2% compared to the same quarter last year. Sell-side analysts forecast that Welltower Inc. will post 4.06 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.44 annualized dividend and a yield of 2.55%. Welltower's dividend payout ratio is currently 301.23%.

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.