Zurcher Kantonalbank Zurich Cantonalbank Has $68.67 Million Position in Welltower Inc. (NYSE:WELL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Welltower Inc. (NYSE:WELL) by 30.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 544,838 shares of the real estate investment trust’s stock after buying an additional 128,090 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Welltower were worth $68,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after purchasing an additional 1,797,330 shares during the period. FMR LLC boosted its stake in Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after purchasing an additional 3,977,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Welltower by 638.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Welltower by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after acquiring an additional 46,332 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Welltower by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock valued at $489,585,000 after acquiring an additional 117,170 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WELL has been the subject of a number of recent analyst reports. Mizuho upped their target price on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and upped their target price for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and upped their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Finally, Bank of America upped their target price on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.42.

Welltower Price Performance

Shares of WELL opened at $147.22 on Monday. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55. The business has a 50-day simple moving average of $138.99 and a two-hundred day simple moving average of $132.86. 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 stock has a market cap of $94.41 billion, a PE ratio of 94.37, a PEG ratio of 2.87 and a beta of 1.20.

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

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.82%. 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.