776 Shares in Welltower Inc. (NYSE:WELL) Purchased by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. bought a new position in shares of Welltower Inc. (NYSE:WELL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 776 shares of the real estate investment trust’s stock, valued at approximately $98,000.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Welltower by 10.6% in the 3rd 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 purchasing an additional 1,797,330 shares in the last quarter. FMR LLC lifted its stake 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 worth $1,847,289,000 after purchasing an additional 3,977,845 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 worth $886,022,000 after purchasing an additional 5,982,711 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Welltower by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock worth $489,585,000 after purchasing an additional 117,170 shares during the last quarter. Finally, Amundi lifted its stake in Welltower by 18.5% during the fourth quarter. Amundi now owns 3,773,827 shares of the real estate investment trust’s stock worth $477,314,000 after purchasing an additional 589,255 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WELL. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Wells Fargo & Company increased their target price on shares of Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and increased their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Mizuho increased their target price on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Finally, Scotiabank increased their target price on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 6th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.46.

Welltower Trading Down 0.7 %

Shares of Welltower stock opened at $146.84 on Friday. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55. 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 company has a market capitalization of $94.17 billion, a P/E ratio of 94.13, a PEG ratio of 2.87 and a beta of 1.20. The company’s fifty day moving average is $143.50 and its two-hundred day moving average is $134.71.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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%. Analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

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.