Welltower Inc. (NYSE:WELL) Stock Holdings Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in Welltower Inc. (NYSE:WELL) by 13.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 77,419 shares of the real estate investment trust’s stock after buying an additional 9,071 shares during the quarter. QRG Capital Management Inc.’s holdings in Welltower were worth $9,757,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. grew its position in Welltower by 19.4% in the third quarter. Assenagon Asset Management S.A. now owns 20,566 shares of the real estate investment trust’s stock worth $2,633,000 after buying an additional 3,335 shares during the last quarter. Fortitude Family Office LLC boosted its stake in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Welltower in the 3rd quarter worth $222,000. First Trust Direct Indexing L.P. raised its position in shares of Welltower by 18.6% during the third quarter. First Trust Direct Indexing L.P. now owns 20,919 shares of the real estate investment trust’s stock worth $2,678,000 after purchasing an additional 3,285 shares during the period. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Welltower by 2.2% during the third quarter. Pinnacle Associates Ltd. now owns 61,590 shares of the real estate investment trust’s stock valued at $7,885,000 after purchasing an additional 1,344 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and upped their price target for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Finally, Bank of America boosted their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.19.

Welltower Price Performance

WELL opened at $151.54 on Friday. The stock has a fifty day moving average price of $135.78 and a 200 day moving average price of $131.13. 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 1 year low of $87.87 and a 1 year high of $152.81. The stock has a market cap of $97.18 billion, a price-to-earnings ratio of 97.14, a PEG ratio of 2.87 and a beta of 1.23.

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

Welltower Dividend Announcement

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

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.