Welltower Inc. (NYSE:WELL) Shares Acquired by PGGM Investments

PGGM Investments lifted its stake in Welltower Inc. (NYSE:WELL) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,467,640 shares of the real estate investment trust’s stock after purchasing an additional 107,311 shares during the period. Welltower accounts for 3.4% of PGGM Investments’ portfolio, making the stock its 2nd largest position. PGGM Investments owned 0.45% of Welltower worth $222,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of WELL. Principal Financial Group Inc. grew its holdings in Welltower by 25.1% during the 3rd quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust’s stock worth $1,058,848,000 after acquiring an additional 2,596,718 shares during the period. Vanguard Group Inc. grew its holdings in Welltower by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust’s stock worth $6,615,662,000 after acquiring an additional 2,156,673 shares during the period. Invesco Ltd. grew its holdings in Welltower by 22.9% during the 3rd quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust’s stock worth $695,223,000 after acquiring an additional 1,581,084 shares during the period. Nordea Investment Management AB grew its holdings in Welltower by 1,412.2% during the 4th quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock worth $54,062,000 after acquiring an additional 555,353 shares during the period. Finally, Barclays PLC grew its holdings in Welltower by 62.6% during the 3rd quarter. Barclays PLC now owns 1,367,437 shares of the real estate investment trust’s stock worth $112,020,000 after acquiring an additional 526,386 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Up 0.4 %

WELL traded up $0.34 during trading on Friday, hitting $94.34. The company had a trading volume of 1,857,213 shares, compared to its average volume of 2,134,148. The company has a market capitalization of $55.76 billion, a PE ratio of 147.41, a PEG ratio of 2.38 and a beta of 1.08. Welltower Inc. has a one year low of $72.47 and a one year high of $94.99. The firm’s 50-day moving average price is $92.06 and its 200 day moving average price is $89.40. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60.

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 the consensus estimate of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts expect that Welltower Inc. will post 4.04 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were given a dividend of $0.61 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.44 annualized dividend and a yield of 2.59%. Welltower’s dividend payout ratio (DPR) is presently 381.26%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. KeyCorp boosted their price target on shares of Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. BNP Paribas assumed coverage on shares of Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target for the company. Scotiabank decreased their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a report on Monday, March 4th. Finally, StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently 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.