Welltower Inc. (NYSE:WELL) Shares Sold by PGGM Investments

PGGM Investments lessened its position in shares of Welltower Inc. (NYSE:WELL) by 1.8% during the fourth quarter, HoldingsChannel reports. 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 comprises about 4.3% of PGGM Investments’ investment portfolio, making the stock its 2nd largest position. PGGM Investments’ holdings in Welltower were worth $324,269,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WELL. Roxbury Financial LLC bought a new stake in shares of Welltower during the 4th quarter valued at about $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of Welltower in the 4th quarter worth approximately $25,000. Sierra Ocean LLC acquired a new position in Welltower during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc grew its stake in 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 last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Welltower in the third quarter worth $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Up 0.0 %

WELL stock opened at $147.36 on Thursday. The firm 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. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a 50 day simple moving average of $140.27 and a 200 day simple moving average of $133.35.

Welltower (NYSE:WELL) last posted its quarterly 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%. Equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given 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 dividend yield of 1.82%. Welltower’s dividend payout ratio (DPR) is 171.79%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several analyst reports. Raymond James boosted 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. Scotiabank upped their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Bank of America raised their price target 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. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Finally, Evercore ISI lifted their target price on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday, March 4th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $150.19.

About Welltower

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.