Handelsbanken Fonder AB Grows Stock Holdings in Welltower Inc. (NYSE:WELL)

Handelsbanken Fonder AB grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 10.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 214,289 shares of the real estate investment trust’s stock after acquiring an additional 19,459 shares during the period. Handelsbanken Fonder AB’s holdings in Welltower were worth $19,322,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WELL. Dynamic Advisor Solutions LLC purchased a new position in shares of Welltower during the third quarter valued at approximately $266,000. CWM LLC boosted its stake in Welltower by 2.4% during the 3rd quarter. CWM LLC now owns 12,695 shares of the real estate investment trust’s stock valued at $1,040,000 after purchasing an additional 296 shares during the last quarter. AE Wealth Management LLC boosted its stake in Welltower by 6.8% during the 3rd quarter. AE Wealth Management LLC now owns 9,096 shares of the real estate investment trust’s stock valued at $745,000 after purchasing an additional 580 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Welltower by 48.4% in the third quarter. Geneos Wealth Management Inc. now owns 868 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 283 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Welltower by 2.3% during the third quarter. Global Retirement Partners LLC now owns 8,083 shares of the real estate investment trust’s stock valued at $660,000 after purchasing an additional 178 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Up 0.3 %

WELL stock opened at $91.61 on Tuesday. Welltower Inc. has a fifty-two week low of $72.47 and a fifty-two week high of $94.63. The business’s 50-day moving average is $91.91 and its two-hundred day moving average is $89.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22. The company has a market cap of $54.15 billion, a price-to-earnings ratio of 143.14, a P/E/G ratio of 2.32 and a beta of 1.08.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. As a group, analysts forecast that Welltower Inc. will post 4.04 earnings per share for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s payout ratio is 381.26%.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of research analyst reports. BNP Paribas initiated coverage on Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. Mizuho upped their price target on Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. KeyCorp upped their price target on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Finally, Scotiabank lowered their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $95.57.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.