Welltower Inc. (NYSE:WELL) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its holdings in Welltower Inc. (NYSE:WELL) by 77.9% during the fourth quarter, Holdings Channel reports. The fund owned 160,104 shares of the real estate investment trust’s stock after buying an additional 70,101 shares during the quarter. New York Life Investment Management LLC’s holdings in Welltower were worth $14,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC boosted its holdings in Welltower by 98.4% during the fourth quarter. Savant Capital LLC now owns 7,240 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 3,591 shares in the last quarter. Northcape Wealth Management LLC purchased a new stake in Welltower during the fourth quarter worth $205,000. Duff & Phelps Investment Management Co. boosted its holdings in Welltower by 6.1% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,101,707 shares of the real estate investment trust’s stock worth $189,511,000 after buying an additional 120,175 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Welltower by 17.3% during the fourth quarter. Van ECK Associates Corp now owns 216,268 shares of the real estate investment trust’s stock worth $19,501,000 after buying an additional 31,968 shares in the last quarter. Finally, Naviter Wealth LLC boosted its holdings in Welltower by 18.4% during the fourth quarter. Naviter Wealth LLC now owns 29,451 shares of the real estate investment trust’s stock worth $2,656,000 after buying an additional 4,585 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

Shares of WELL opened at $94.36 on Thursday. Welltower Inc. has a 1-year low of $72.47 and a 1-year high of $98.19. The stock has a market cap of $55.77 billion, a PE ratio of 116.49, a P/E/G ratio of 2.41 and a beta of 1.07. The firm has a 50-day simple moving average of $92.17 and a two-hundred day simple moving average of $89.65. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.22.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. Welltower’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, analysts forecast that Welltower Inc. will post 4.05 EPS for the current year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 13th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Friday, May 10th. Welltower’s dividend payout ratio (DPR) is currently 301.23%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Scotiabank decreased their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price objective on the stock. KeyCorp increased their price objective on shares of Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Finally, Mizuho increased their price objective on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.57.

About Welltower

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.