Welltower Inc. (NYSE:WELL) Position Reduced by Cohen & Steers Inc.

Cohen & Steers Inc. decreased its stake in shares of Welltower Inc. (NYSE:WELL) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 37,910,647 shares of the real estate investment trust’s stock after selling 115,091 shares during the period. Welltower accounts for 9.0% of Cohen & Steers Inc.’s investment portfolio, making the stock its largest position. Cohen & Steers Inc. owned about 0.06% of Welltower worth $4,777,612,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Roxbury Financial LLC bought a new position in Welltower in the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower in the fourth quarter worth $25,000. Sierra Ocean LLC purchased a new position in Welltower during the fourth quarter worth about $28,000. Versant Capital Management Inc increased its stake in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 187 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Welltower in the 4th quarter valued at about $50,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 0.6 %

NYSE WELL opened at $142.66 on Monday. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55. The stock has a market capitalization of $92.50 billion, a PE ratio of 91.45, a PEG ratio of 2.87 and a beta of 0.93. 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 business’s 50-day moving average is $147.95 and its 200 day moving average is $136.97.

Welltower (NYSE:WELL) last issued its quarterly earnings data 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%. Sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.88%. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WELL shares. Evercore ISI increased their target price on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday, March 4th. Raymond James raised their price objective on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Jefferies Financial Group upgraded shares of 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 report on Thursday, January 2nd. Scotiabank boosted their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 6th. Finally, Bank of America increased their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.

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.