Welltower Inc. (NYSE:WELL) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC raised its holdings in Welltower Inc. (NYSE:WELL) by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,582 shares of the real estate investment trust’s stock after buying an additional 721 shares during the period. Parallel Advisors LLC’s holdings in Welltower were worth $577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in Welltower by 10.6% in the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after buying an additional 1,797,330 shares in the last quarter. FMR LLC raised its stake in Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after buying an additional 3,977,845 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after buying an additional 5,982,711 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Welltower by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock worth $776,657,000 after purchasing an additional 46,332 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Welltower by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock worth $489,585,000 after purchasing an additional 117,170 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Down 0.7 %

WELL opened at $147.77 on Friday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $143.06 and a two-hundred day moving average price of $134.44. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The company has a market cap of $94.76 billion, a PE ratio of 94.72, a P/E/G ratio of 2.87 and a beta of 1.20.

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

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s payout ratio is 171.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WELL. Scotiabank lifted their target price on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Wells Fargo & Company lifted their target price on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Royal Bank of Canada upgraded 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. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.

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.