Welltower Inc. (NYSE:WELL) Stock Holdings Boosted by Corebridge Financial Inc.

Corebridge Financial Inc. lifted its position in Welltower Inc. (NYSE:WELL) by 15.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 165,902 shares of the real estate investment trust’s stock after buying an additional 22,036 shares during the period. Corebridge Financial Inc.’s holdings in Welltower were worth $20,909,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WELL. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Welltower in the 3rd quarter valued at about $1,497,000. Great Valley Advisor Group Inc. lifted its stake in Welltower by 22.3% during the third quarter. Great Valley Advisor Group Inc. now owns 4,386 shares of the real estate investment trust’s stock valued at $562,000 after purchasing an additional 800 shares during the last quarter. Cerity Partners LLC boosted its holdings in Welltower by 8.6% during the third quarter. Cerity Partners LLC now owns 226,114 shares of the real estate investment trust’s stock worth $28,949,000 after buying an additional 17,817 shares in the last quarter. Kingsview Wealth Management LLC grew its position in Welltower by 4.2% in the third quarter. Kingsview Wealth Management LLC now owns 4,966 shares of the real estate investment trust’s stock worth $636,000 after buying an additional 200 shares during the last quarter. Finally, Pitcairn Co. increased its holdings in shares of Welltower by 130.6% in the third quarter. Pitcairn Co. now owns 6,513 shares of the real estate investment trust’s stock valued at $834,000 after buying an additional 3,689 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

WELL opened at $150.16 on Tuesday. The stock has a fifty day moving average price of $143.98 and a 200 day moving average price of $134.97. 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 stock has a market cap of $96.30 billion, a price-to-earnings ratio of 96.26, a PEG ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) 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%. Analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s payout ratio is presently 171.79%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WELL. Bank of America raised their price objective on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Mizuho lifted their price target on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.46.

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.