Wellington Management Group LLP Sells 10,722 Shares of Welltower Inc. (NYSE:WELL)

Wellington Management Group LLP decreased its holdings in Welltower Inc. (NYSE:WELL) by 0.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,675,122 shares of the real estate investment trust’s stock after selling 10,722 shares during the quarter. Wellington Management Group LLP owned 2.91% of Welltower worth $2,353,626,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Welltower by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust’s stock worth $12,388,151,000 after acquiring an additional 2,612,044 shares in the last quarter. Norges Bank bought a new stake in Welltower in the 4th quarter worth about $3,943,892,000. Bank of New York Mellon Corp increased its stake in Welltower by 3.1% in 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 buying an additional 117,170 shares during the last quarter. Amundi lifted its position in shares of Welltower by 18.5% during the 4th quarter. Amundi now owns 3,773,827 shares of the real estate investment trust’s stock worth $477,314,000 after buying an additional 589,255 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Welltower by 6.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,106,666 shares of the real estate investment trust’s stock worth $391,533,000 after buying an additional 192,303 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 2.3 %

Shares of WELL stock opened at $153.39 on Monday. The stock has a market capitalization of $98.37 billion, a price-to-earnings ratio of 98.33, a PEG ratio of 2.87 and a beta of 1.20. The company’s fifty day simple moving average is $145.78 and its two-hundred day simple moving average is $135.61. Welltower Inc. has a 1 year low of $87.87 and a 1 year 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.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore ISI increased their price target on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research report on Tuesday, March 4th. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Wells Fargo & Company increased their price target on shares of Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Scotiabank increased their target price on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.