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

Fmr LLC grew its stake in shares of Welltower Inc. (NYSE:WELL) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,782,795 shares of the real estate investment trust’s stock after acquiring an additional 1,354,231 shares during the period. Fmr LLC’s holdings in Welltower were worth $1,989,106,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in Welltower in the 4th quarter worth about $25,000. Roxbury Financial LLC bought a new position in shares of Welltower during the fourth quarter worth approximately $26,000. Sierra Ocean LLC bought a new position in shares of Welltower during the fourth quarter worth approximately $28,000. Versant Capital Management Inc boosted its stake in shares of Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the period. Finally, First Command Advisory Services Inc. acquired a new stake in Welltower during the fourth quarter worth approximately $50,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE WELL opened at $143.26 on Monday. The firm’s fifty day moving average price is $147.64 and its two-hundred day moving average price is $136.41. The stock has a market cap of $92.89 billion, a PE ratio of 91.83, a PEG ratio of 2.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, equities analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.87%. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

Analyst Ratings Changes

A number of equities analysts have commented on WELL shares. Wells Fargo & Company raised their price objective on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and boosted their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Bank of America upped their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Mizuho raised their target price on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Finally, StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have assigned 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.com, the company presently has an average rating of “Moderate Buy” and an average 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.