Pinebridge Investments L.P. Makes New $622,000 Investment in Welltower Inc. (NYSE:WELL)

Pinebridge Investments L.P. bought a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,938 shares of the real estate investment trust's stock, valued at approximately $622,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama lifted its position in shares of Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock worth $60,228,000 after acquiring an additional 16,946 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in shares of Welltower by 120.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock worth $1,817,000 after acquiring an additional 7,872 shares during the period. Barclays PLC lifted its position in shares of Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock worth $215,659,000 after acquiring an additional 380,888 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Welltower by 30.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock worth $68,666,000 after acquiring an additional 128,090 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock worth $1,696,000 after acquiring an additional 2,250 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

WELL has been the subject of a number of research reports. Evercore ISI raised their price objective on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 4th. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and increased their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Wells Fargo & Company reissued an "equal weight" rating on shares of Welltower in a report on Thursday, April 17th. Mizuho increased their target price on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Finally, Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $156.46.

Welltower Trading Up 1.5 %

WELL stock opened at $149.19 on Tuesday. The business has a fifty day moving average price of $148.00 and a 200 day moving average price of $138.59. Welltower Inc. has a fifty-two week low of $93.72 and a fifty-two week high of $158.55. The stock has a market capitalization of $97.20 billion, a price-to-earnings ratio of 95.63, a P/E/G ratio of 2.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.80%. Welltower's dividend payout ratio (DPR) is currently 171.79%.

Welltower Profile

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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