LGT Group Foundation Reduces Stock Position in Welltower Inc. (NYSE:WELL)

LGT Group Foundation lessened its position in shares of Welltower Inc. (NYSE:WELL) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 82,318 shares of the real estate investment trust’s stock after selling 95 shares during the quarter. LGT Group Foundation’s holdings in Welltower were worth $10,375,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Welltower by 638.0% in 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 worth $886,022,000 after buying an additional 5,982,711 shares during the last quarter. FMR LLC boosted its stake in shares of Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after buying 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 worth $2,392,349,000 after purchasing an additional 1,797,330 shares in the last quarter. 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 worth $64,276,000 after purchasing an additional 508,372 shares in the last quarter. Finally, Barclays PLC boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

NYSE:WELL opened at $153.54 on Monday. Welltower Inc. has a one year low of $87.87 and a one year high of $153.90. 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 cap of $98.47 billion, a PE ratio of 98.42, a P/E/G ratio of 2.87 and a beta of 1.23. The stock has a 50 day moving average price of $136.36 and a 200 day moving average price of $131.58.

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

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. Welltower’s dividend payout ratio is presently 171.79%.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of recent analyst reports. Raymond James increased their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Scotiabank increased their price target on Welltower from $144.00 to $165.00 and gave the stock a “sector outperform” rating in a research report on Friday. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $146.00 to $168.00 in a research report on Friday. Finally, Mizuho increased their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.96.

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.