Shell Asset Management Co. Buys 3,939 Shares of Welltower Inc. (NYSE:WELL)

Shell Asset Management Co. increased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,312 shares of the real estate investment trust's stock after acquiring an additional 3,939 shares during the period. Shell Asset Management Co.'s holdings in Welltower were worth $4,072,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WELL. Roxbury Financial LLC purchased a new position in Welltower in the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower during the fourth quarter worth $25,000. Sierra Ocean LLC purchased a new stake in shares of Welltower during the fourth quarter worth $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Welltower during the fourth quarter worth $50,000. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Welltower during the fourth quarter worth $53,000. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

WELL has been the topic of several recent research reports. Mizuho increased their target price on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Scotiabank increased their target price on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. StockNews.com downgraded Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Wells Fargo & Company restated an "equal weight" rating on shares of Welltower in a research report on Thursday, April 17th. Finally, Wedbush reiterated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.83.

Welltower Price Performance

WELL traded up $1.82 during trading on Monday, reaching $150.54. The stock had a trading volume of 2,548,719 shares, compared to its average volume of 2,904,626. The stock has a market cap of $98.45 billion, a PE ratio of 96.50, a PEG ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a one year low of $99.77 and a one year high of $158.55. The business has a 50-day moving average of $147.44 and a 200-day moving average of $140.26.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The firm had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period last year, the firm earned $1.01 earnings per share. The company's revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. Welltower's dividend payout ratio (DPR) is currently 154.02%.

About Welltower

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.