Welltower Inc. (NYSE:WELL) Stock Position Lowered by PGGM Investments

PGGM Investments reduced its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,572,949 shares of the real estate investment trust’s stock after selling 47,323 shares during the quarter. Welltower makes up 4.3% of PGGM Investments’ investment portfolio, making the stock its 2nd largest position. PGGM Investments owned approximately 0.41% of Welltower worth $324,269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new stake in shares of Welltower during the fourth quarter valued at $25,000. Roxbury Financial LLC acquired a new position in shares of Welltower in the fourth quarter valued at approximately $26,000. Sierra Ocean LLC acquired a new position in shares of Welltower in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc lifted its stake in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in Welltower during the third quarter worth approximately $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Up 0.0 %

NYSE WELL opened at $147.36 on Thursday. The stock has a market cap of $94.50 billion, a PE ratio of 94.46, a P/E/G ratio of 2.87 and a beta of 1.20. The business has a 50 day moving average price of $140.27 and a two-hundred day moving average price of $133.35. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (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%. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s payout ratio is 171.79%.

Analyst Upgrades and Downgrades

WELL has been the topic of several analyst reports. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Evercore ISI increased their price objective on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a report on Tuesday, March 4th. Bank of America boosted 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. Finally, Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $146.00 to $168.00 in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.19.

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.