Welltower Inc. (NYSE:WELL) Shares Purchased by Wahed Invest LLC

Wahed Invest LLC grew its position in shares of Welltower Inc. (NYSE:WELL) by 6.5% during the 4th quarter, Holdings Channel reports. The firm owned 15,588 shares of the real estate investment trust’s stock after purchasing an additional 945 shares during the period. Wahed Invest LLC’s holdings in Welltower were worth $1,965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WELL. Vanguard Group Inc. increased its holdings in shares of Welltower by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust’s stock valued at $12,388,151,000 after buying an additional 2,612,044 shares in the last quarter. Capital International Investors raised its holdings in shares of Welltower by 0.9% during the fourth quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust’s stock valued at $4,674,826,000 after acquiring an additional 318,496 shares during the period. Norges Bank acquired a new stake in shares of Welltower during the fourth quarter valued at approximately $3,943,892,000. FMR LLC lifted its position in shares of Welltower by 9.4% in the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust’s stock valued at $1,989,106,000 after acquiring an additional 1,354,231 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Welltower by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 13,558,841 shares of the real estate investment trust’s stock worth $1,707,570,000 after purchasing an additional 644,494 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of NYSE:WELL opened at $150.39 on Friday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $148.09 and a 200 day moving average price of $138.93. The company has a market cap of $97.98 billion, a price-to-earnings ratio of 96.40, a PEG ratio of 2.87 and a beta of 0.93. Welltower Inc. has a twelve month low of $93.72 and a twelve month high of $158.55.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Welltower’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the company posted $1.01 earnings per share. Research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower’s dividend payout ratio is currently 171.79%.

Analyst Ratings Changes

A number of research firms have recently issued reports on WELL. Scotiabank increased their target price on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a report on Thursday, March 6th. Wells Fargo & Company restated an “equal weight” rating on shares of Welltower in a research report on Thursday, April 17th. Mizuho upped their target price on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Evercore ISI upped their price target on shares of Welltower from $145.00 to $157.00 and gave the stock an “in-line” rating in a research note on Thursday. Finally, Bank of America raised their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $157.46.

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.