Lazard Asset Management LLC Acquires 453 Shares of Welltower Inc. (NYSE:WELL)

Lazard Asset Management LLC lifted its holdings in Welltower Inc. (NYSE:WELLGet Rating) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,192 shares of the real estate investment trust’s stock after buying an additional 453 shares during the period. Lazard Asset Management LLC’s holdings in Welltower were worth $359,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cohen & Steers Inc. boosted its stake in shares of Welltower by 53.6% during the 3rd quarter. Cohen & Steers Inc. now owns 27,789,044 shares of the real estate investment trust’s stock worth $2,290,038,000 after purchasing an additional 9,698,150 shares during the period. Geode Capital Management LLC boosted its position in Welltower by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 8,711,415 shares of the real estate investment trust’s stock valued at $716,292,000 after buying an additional 303,671 shares during the period. Invesco Ltd. boosted its position in Welltower by 7.7% in the 3rd quarter. Invesco Ltd. now owns 8,423,903 shares of the real estate investment trust’s stock valued at $694,127,000 after buying an additional 601,859 shares during the period. Daiwa Securities Group Inc. boosted its position in Welltower by 14.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,382,958 shares of the real estate investment trust’s stock valued at $633,236,000 after buying an additional 949,588 shares during the period. Finally, Wellington Management Group LLP boosted its position in Welltower by 46.8% in the 3rd quarter. Wellington Management Group LLP now owns 4,362,656 shares of the real estate investment trust’s stock valued at $359,483,000 after buying an additional 1,391,584 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

NYSE WELL opened at $88.37 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.76. The firm has a market cap of $40.12 billion, a PE ratio of 117.83, a price-to-earnings-growth ratio of 3.00 and a beta of 0.98. The company has a 50 day moving average price of $93.30 and a 200 day moving average price of $87.22. Welltower Inc. has a 52 week low of $71.34 and a 52 week high of $99.43.

Welltower (NYSE:WELLGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.68). Welltower had a net margin of 6.42% and a return on equity of 1.84%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, equities research analysts anticipate that Welltower Inc. will post 3.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 24th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $2.44 dividend on an annualized basis and a yield of 2.76%. Welltower’s payout ratio is 325.34%.

Several equities research analysts have issued reports on WELL shares. Royal Bank of Canada boosted their price objective on shares of Welltower from $93.00 to $97.00 and gave the company an “outperform” rating in a research report on Wednesday, March 9th. Scotiabank raised shares of Welltower from a “sector perform” rating to a “sector outperform” rating and set a $110.00 price target for the company in a research report on Monday, April 4th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Sunday, April 3rd. Morgan Stanley upped their price target on shares of Welltower from $95.50 to $100.00 in a research report on Thursday, March 17th. Finally, KeyCorp upped their price target on shares of Welltower from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, April 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $96.75.

Welltower Profile (Get Rating)

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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