Dorsey & Whitney Trust CO LLC raised its position in shares of Welltower Inc. (NYSE:WELL – Free Report) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,538 shares of the real estate investment trust’s stock after acquiring an additional 133 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Welltower were worth $572,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after acquiring an additional 5,982,711 shares during the last quarter. FMR LLC boosted its position in Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after acquiring an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP boosted its position in Welltower by 10.6% during the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after acquiring an additional 1,797,330 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Welltower during the fourth quarter valued at $90,565,000. Finally, Proficio Capital Partners LLC boosted its position in Welltower by 31,188.5% during the fourth quarter. Proficio Capital Partners LLC now owns 510,002 shares of the real estate investment trust’s stock valued at $64,276,000 after acquiring an additional 508,372 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.
Welltower Trading Down 1.2 %
WELL opened at $147.22 on Monday. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The company’s 50-day moving average is $138.99 and its 200 day moving average is $132.86. The firm has a market capitalization of $94.41 billion, a PE ratio of 94.37, a P/E/G ratio of 2.87 and a beta of 1.20.
Welltower Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Welltower’s payout ratio is 171.79%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on WELL shares. Mizuho upped their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $145.00 to $167.00 in a report on Friday, February 14th. Evercore ISI upped their price objective on shares of Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday, March 4th. Raymond James upped their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Finally, Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $146.00 to $168.00 in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.42.
View Our Latest Report on WELL
Welltower Company 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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