Swiss National Bank Sells 55,000 Shares of Welltower Inc (NYSE:WELL)

Swiss National Bank trimmed its holdings in Welltower Inc (NYSE:WELL) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 1,529,784 shares of the real estate investment trust’s stock after selling 55,000 shares during the period. Swiss National Bank’s holdings in Welltower were worth $125,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WELL. BlackRock Inc. increased its stake in shares of Welltower by 3.2% in the second quarter. BlackRock Inc. now owns 41,193,851 shares of the real estate investment trust’s stock worth $3,358,533,000 after buying an additional 1,275,865 shares during the period. State Street Corp increased its stake in shares of Welltower by 1.9% in the third quarter. State Street Corp now owns 28,933,195 shares of the real estate investment trust’s stock worth $2,622,794,000 after buying an additional 532,774 shares during the period. Principal Financial Group Inc. increased its stake in shares of Welltower by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,087,248 shares of the real estate investment trust’s stock worth $743,155,000 after buying an additional 278,414 shares during the period. California Public Employees Retirement System increased its stake in shares of Welltower by 7.1% in the fourth quarter. California Public Employees Retirement System now owns 3,361,041 shares of the real estate investment trust’s stock worth $274,866,000 after buying an additional 221,460 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Welltower by 10.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,304,141 shares of the real estate investment trust’s stock worth $188,433,000 after buying an additional 226,069 shares during the period. Hedge funds and other institutional investors own 89.02% of the company’s stock.

Welltower stock traded up $1.19 during mid-day trading on Friday, reaching $88.89. 86,072 shares of the company traded hands, compared to its average volume of 1,926,567. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s 50 day moving average price is $84.25 and its 200 day moving average price is $86.19. The firm has a market capitalization of $35.00 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 5.16 and a beta of 0.18. Welltower Inc has a 52-week low of $71.18 and a 52-week high of $93.17.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.25. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Welltower had a net margin of 21.98% and a return on equity of 7.58%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. On average, sell-side analysts anticipate that Welltower Inc will post 4.16 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 24th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Friday, February 21st. Welltower’s payout ratio is currently 86.35%.

WELL has been the topic of several analyst reports. JPMorgan Chase & Co. downgraded shares of Welltower from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $84.00 in a research note on Wednesday, December 18th. Mizuho initiated coverage on shares of Welltower in a research note on Thursday, December 19th. They issued a “buy” rating and a $92.00 target price on the stock. Raymond James downgraded shares of Welltower to a “market weight” rating in a research note on Tuesday, January 7th. Morgan Stanley decreased their target price on shares of Welltower from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Finally, Evercore ISI raised shares of Welltower from an “in-line” rating to an “outperform” rating and set a $89.00 price objective on the stock in a research report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $84.27.

About Welltower

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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