Callahan Advisors LLC decreased its position in Welltower Inc. (NYSE:WELL - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,443 shares of the real estate investment trust's stock after selling 3,089 shares during the period. Callahan Advisors LLC's holdings in Welltower were worth $5,349,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of WELL. Laurel Wealth Advisors LLC purchased a new position in Welltower in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new stake in shares of Welltower during the fourth quarter worth $26,000. Sierra Ocean LLC purchased a new stake in shares of Welltower during the fourth quarter worth $28,000. Fortitude Family Office LLC lifted its position in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 78 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
WELL has been the topic of several recent research reports. Raymond James increased 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. Mizuho increased their target price on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Scotiabank increased their target price on Welltower from $142.00 to $144.00 and gave the stock a "sector outperform" rating in a research report on Monday, January 27th. Wedbush upgraded Welltower from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $145.00 to $167.00 in a research report on Friday. Finally, Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and increased 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 given a strong buy rating to the company's stock. According to MarketBeat, Welltower presently has an average rating of "Moderate Buy" and an average price target of $138.58.
Get Our Latest Stock Report on Welltower
WELL opened at $150.03 on Tuesday. The stock has a market cap of $93.42 billion, a PE ratio of 98.70, a P/E/G ratio of 2.83 and a beta of 1.23. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $151.96. The business's fifty day simple moving average is $132.15 and its 200 day simple moving average is $129.33.
Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.20% and a net margin of 12.22%. As a group, research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.79%. Welltower's dividend payout ratio is presently 176.32%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.