Welltower Inc. (NYSE:WELL) Position Lowered by TCW Group Inc.

TCW Group Inc. reduced its position in Welltower Inc. (NYSE:WELL) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,447 shares of the real estate investment trust’s stock after selling 21,224 shares during the quarter. TCW Group Inc.’s holdings in Welltower were worth $13,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its holdings in shares of Welltower by 3.7% in 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 buying an additional 16,946 shares during the period. Barclays PLC lifted 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 acquiring an additional 380,888 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Welltower by 20.1% in the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after acquiring an additional 2,250 shares during the period. Nordea Investment Management AB grew its holdings in shares of Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after purchasing an additional 324,520 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Welltower by 1.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock worth $2,638,000 after purchasing an additional 365 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

NYSE WELL opened at $148.69 on Monday. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $152.81. The business’s fifty day moving average is $133.83 and its two-hundred day moving average is $130.36. The stock has a market capitalization of $95.35 billion, a P/E ratio of 95.31, a P/E/G ratio of 2.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL) last announced 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%. On average, research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is 171.79%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WELL. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Scotiabank boosted their price target on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a report on Monday, January 27th. Mizuho increased their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Raymond James boosted their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and upped their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.19.

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.