Welltower Inc. (NYSE:WELL) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its stake in Welltower Inc. (NYSE:WELL - Free Report) by 1,156.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,179 shares of the real estate investment trust's stock after purchasing an additional 153,869 shares during the period. Balyasny Asset Management L.P.'s holdings in Welltower were worth $21,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bamco Inc. NY boosted its stake in shares of Welltower by 18.1% during the 4th quarter. Bamco Inc. NY now owns 1,151,495 shares of the real estate investment trust's stock worth $145,123,000 after buying an additional 176,736 shares during the last quarter. Baldwin Investment Management LLC grew its position in shares of Welltower by 7.1% in the fourth quarter. Baldwin Investment Management LLC now owns 4,027 shares of the real estate investment trust's stock valued at $508,000 after purchasing an additional 267 shares during the last quarter. Bank of America Corp DE raised its position in shares of Welltower by 9.7% in the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after buying an additional 1,652,611 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Welltower by 13.2% in the fourth quarter. Benjamin Edwards Inc. now owns 22,330 shares of the real estate investment trust's stock valued at $2,820,000 after buying an additional 2,608 shares in the last quarter. Finally, Alteri Wealth LLC bought a new position in Welltower in the fourth quarter valued at approximately $904,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Down 0.5%

Shares of WELL stock traded down $0.66 during trading hours on Tuesday, reaching $144.97. 758,880 shares of the company's stock were exchanged, compared to its average volume of 2,888,466. The stock's 50 day moving average is $147.55 and its 200-day moving average is $139.96. The company has a market cap of $94.80 billion, a price-to-earnings ratio of 92.93, a P/E/G ratio of 2.87 and a beta of 0.94. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a fifty-two week low of $98.36 and a fifty-two week high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Welltower's quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. Analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, May 14th. Welltower's payout ratio is currently 154.02%.

Analyst Upgrades and Downgrades

WELL has been the subject of several research analyst reports. Bank of America lifted their price objective on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Morgan Stanley boosted their target price on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Welltower currently has an average rating of "Moderate Buy" and a consensus price target of $161.83.

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.