Wells Fargo & Company MN Has $131.37 Million Position in Welltower Inc. (NYSE:WELL)

Wells Fargo & Company MN decreased its holdings in Welltower Inc. (NYSE:WELL) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,042,404 shares of the real estate investment trust’s stock after selling 24,267 shares during the quarter. Wells Fargo & Company MN’s holdings in Welltower were worth $131,374,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in Welltower in the fourth quarter worth about $25,000. Roxbury Financial LLC bought a new stake in shares of Welltower in the 4th quarter valued at approximately $26,000. Sierra Ocean LLC acquired a new position in shares of Welltower in the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its position in shares of Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 187 shares during the period. Finally, First Command Advisory Services Inc. acquired a new stake in Welltower in the 4th quarter valued at $50,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Raymond James lifted their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Bank of America lifted their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Evercore ISI raised their price target on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower has an average rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Stock Performance

Shares of NYSE:WELL opened at $143.26 on Monday. The stock has a market capitalization of $92.89 billion, a P/E ratio of 91.83, a P/E/G ratio of 2.87 and a beta of 0.93. 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 1-year low of $87.87 and a 1-year high of $158.55. The business has a 50-day moving average price of $147.64 and a two-hundred day moving average price of $136.41.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s payout ratio is 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.