Welltower Inc. (NYSE:WELL) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,388,326 shares of the real estate investment trust’s stock after selling 71,621 shares during the period. Voya Investment Management LLC owned approximately 0.22% of Welltower worth $174,909,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Retirement Systems of Alabama increased its stake in Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after buying an additional 16,946 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock worth $1,817,000 after purchasing an additional 7,872 shares in the last quarter. Barclays PLC lifted its position in Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after purchasing an additional 380,888 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Welltower by 30.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust’s stock worth $68,666,000 after buying an additional 128,090 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after buying an additional 2,250 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WELL shares. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Scotiabank increased their price target on shares of 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 reiterated an “equal weight” rating on shares of Welltower in a research note on Thursday, April 17th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their target price for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and an average price target of $156.46.

Welltower Stock Performance

NYSE WELL opened at $147.70 on Thursday. The business’s 50-day moving average price is $148.13 and its 200 day moving average price is $137.90. 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 twelve month low of $91.91 and a twelve month high of $158.55. The company has a market capitalization of $96.23 billion, a PE ratio of 94.68, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share 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%. On average, research analysts predict 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. Investors of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is currently 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.