Welltower Inc. (NYSE:WELL) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its position in Welltower Inc. (NYSE:WELL) by 12.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,262 shares of the real estate investment trust’s stock after selling 1,404 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Welltower were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its stake in shares of Welltower by 528.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 591 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 497 shares during the last quarter. NEOS Investment Management LLC increased its holdings in Welltower by 30.8% in the 4th quarter. NEOS Investment Management LLC now owns 31,663 shares of the real estate investment trust’s stock worth $3,990,000 after buying an additional 7,463 shares during the period. UniSuper Management Pty Ltd raised its position in Welltower by 3.2% during the 4th quarter. UniSuper Management Pty Ltd now owns 395,744 shares of the real estate investment trust’s stock worth $49,876,000 after buying an additional 12,364 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in Welltower by 17.0% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 61,764 shares of the real estate investment trust’s stock valued at $7,784,000 after acquiring an additional 8,983 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Welltower by 8.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,341,018 shares of the real estate investment trust’s stock valued at $168,727,000 after acquiring an additional 107,987 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WELL. Mizuho increased their price target on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $146.00 to $168.00 in a report on Friday, February 28th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Wednesday. Scotiabank lifted their target price on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a report on Thursday, March 6th. Finally, Bank of America increased their price target on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Stock Up 0.3 %

Shares of WELL opened at $150.24 on Friday. The stock has a 50 day moving average price of $145.31 and a 200 day moving average price of $135.34. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market capitalization of $96.35 billion, a price-to-earnings ratio of 96.31, a PEG ratio of 2.87 and a beta of 1.20. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55.

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

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio is currently 171.79%.

Welltower Company Profile

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.