Allstate Corp Raises Position in Welltower Inc. (NYSE:WELL)

Allstate Corp lifted its stake in Welltower Inc. (NYSE:WELL) by 66.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,572 shares of the real estate investment trust’s stock after purchasing an additional 13,371 shares during the quarter. Allstate Corp’s holdings in Welltower were worth $4,231,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in shares of Welltower in the third quarter valued at $81,000. Centaurus Financial Inc. bought a new position in Welltower during the 3rd quarter valued at about $101,000. D.A. Davidson & CO. raised its position in Welltower by 5.9% in the 3rd quarter. D.A. Davidson & CO. now owns 17,118 shares of the real estate investment trust’s stock worth $2,192,000 after purchasing an additional 949 shares during the period. Townsquare Capital LLC lifted its stake in Welltower by 73.0% in the third quarter. Townsquare Capital LLC now owns 5,446 shares of the real estate investment trust’s stock worth $697,000 after purchasing an additional 2,298 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of Welltower by 8.8% during the third quarter. Glenmede Trust Co. NA now owns 6,702 shares of the real estate investment trust’s stock valued at $858,000 after buying an additional 543 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WELL has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Raymond James lifted their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Scotiabank boosted their target price on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Finally, Mizuho lifted their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.46.

Welltower Price Performance

NYSE WELL opened at $153.39 on Friday. The company has a market cap of $98.37 billion, a PE ratio of 98.33, a P/E/G ratio of 2.87 and a beta of 1.20. The firm’s 50 day moving average price is $145.78 and its 200-day moving average price is $135.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.75%. Welltower’s dividend payout ratio is presently 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.