Bank of New York Mellon Corp Has $489.59 Million Holdings in Welltower Inc. (NYSE:WELL)

Bank of New York Mellon Corp boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 3.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,884,674 shares of the real estate investment trust’s stock after acquiring an additional 117,170 shares during the quarter. Bank of New York Mellon Corp’s holdings in Welltower were worth $489,585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Retirement Systems of Alabama lifted its stake in Welltower by 3.7% during the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after purchasing an additional 16,946 shares during the last quarter. Barclays PLC lifted its stake in Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after purchasing an additional 2,250 shares during the last quarter. Nordea Investment Management AB lifted its stake in Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after purchasing an additional 324,520 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Welltower by 1.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock worth $2,638,000 after purchasing an additional 365 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Bank of America increased their price target on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and increased their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Finally, Scotiabank increased their price target on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $140.19.

Welltower Stock Performance

Shares of WELL opened at $151.75 on Wednesday. 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 stock has a 50-day moving average of $134.72 and a 200-day moving average of $130.85. The company has a market cap of $97.32 billion, a PE ratio of 97.28, a P/E/G ratio of 2.87 and a beta of 1.23. Welltower Inc. has a one year low of $87.87 and a one year high of $152.81.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be given a $0.67 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.77%. Welltower’s payout ratio is 171.79%.

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.