Nuveen Asset Management LLC Reduces Holdings in Welltower Inc. (NYSE:WELL)

Nuveen Asset Management LLC trimmed its position in Welltower Inc. (NYSE:WELL - Free Report) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,790,755 shares of the real estate investment trust's stock after selling 46,686 shares during the quarter. Nuveen Asset Management LLC owned about 0.77% of Welltower worth $603,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of WELL. Vanguard Group Inc. lifted its holdings in shares of Welltower by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after acquiring an additional 2,612,044 shares during the last quarter. Capital International Investors lifted its holdings in shares of Welltower by 0.9% in the 4th quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock worth $4,674,826,000 after acquiring an additional 318,496 shares during the last quarter. Norges Bank acquired a new position in shares of Welltower in the 4th quarter worth approximately $3,943,892,000. Bank of America Corp DE lifted its holdings in shares of Welltower by 9.7% in the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock worth $2,357,617,000 after acquiring an additional 1,652,611 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Welltower by 9.4% in the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock worth $1,989,106,000 after acquiring an additional 1,354,231 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Up 1.2%

Shares of NYSE:WELL traded up $1.73 during trading hours on Friday, reaching $148.62. The stock had a trading volume of 2,412,621 shares, compared to its average volume of 2,902,085. Welltower Inc. has a 1 year low of $99.77 and a 1 year high of $158.55. The firm's 50 day moving average is $147.44 and its 200-day moving average is $140.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market capitalization of $97.19 billion, a price-to-earnings ratio of 95.27, a P/E/G ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm posted $1.01 EPS. The company's quarterly revenue was up 30.3% compared to the same quarter last year. Research 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. Investors of record on Wednesday, May 14th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is 154.02%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Evercore ISI upped their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Wedbush restated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Scotiabank upped their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Finally, Morgan Stanley upped their target price on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $161.83.

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.