Fmr LLC Has $1.99 Billion Stock Holdings in Welltower Inc. (NYSE:WELL)

Fmr LLC grew its position in Welltower Inc. (NYSE:WELL) by 9.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,782,795 shares of the real estate investment trust’s stock after buying an additional 1,354,231 shares during the period. Fmr LLC owned 2.53% of Welltower worth $1,989,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Systems of Alabama lifted its holdings in Welltower by 3.7% in the third 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. Vestmark Advisory Solutions Inc. lifted its stake in shares of Welltower by 120.3% in the 4th 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 position in shares of Welltower by 29.2% in the 3rd 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 stake in shares of Welltower by 20.1% during the fourth 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 increased its holdings in Welltower by 17.3% in the fourth 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 purchasing an additional 285,015 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WELL has been the subject of several analyst reports. Raymond James boosted their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $146.00 to $168.00 in a report on Friday, February 28th. Wells Fargo & Company increased their target price on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Scotiabank boosted their price target on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a report on Thursday, March 6th. Finally, StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Stock Down 6.0 %

Welltower stock opened at $143.26 on Monday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The company has a fifty day simple moving average of $147.64 and a 200 day simple moving average of $136.41. The company has a market cap of $92.89 billion, a P/E ratio of 91.83, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.87%. Welltower’s dividend payout ratio is presently 171.79%.

About Welltower

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.