OVERSEA CHINESE BANKING Corp Ltd Decreases Stake in Welltower Inc. (NYSE:WELL)

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,218 shares of the real estate investment trust’s stock after selling 24,804 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Welltower were worth $16,789,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WELL. Retirement Systems of Alabama boosted its holdings in shares of Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after acquiring an additional 16,946 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock valued at $1,817,000 after purchasing an additional 7,872 shares during the period. Barclays PLC boosted its holdings in Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Park Avenue Securities LLC grew its position in Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after purchasing an additional 2,250 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in Welltower by 17.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock valued at $244,114,000 after buying an additional 285,015 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Down 0.9 %

Shares of Welltower stock opened at $149.92 on Wednesday. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The company has a market capitalization of $96.14 billion, a P/E ratio of 96.10, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a fifty day moving average of $142.19 and a 200 day moving average of $134.25.

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

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.79%. Welltower’s dividend payout ratio is 171.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WELL shares. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Bank of America increased their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Raymond James upped their target price 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. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.

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.