Nomura Holdings Inc. reduced its holdings in Welltower Inc (NYSE:WELL) by 83.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,240 shares of the real estate investment trust’s stock after selling 45,487 shares during the period. Nomura Holdings Inc.’s holdings in Welltower were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Vanguard Group Inc. purchased a new position in shares of Welltower in the 3rd quarter worth $3,075,144,000. Vanguard Group Inc purchased a new position in shares of Welltower in the 3rd quarter worth $3,075,144,000. BlackRock Inc. boosted its stake in shares of Welltower by 0.6% during the 4th quarter. BlackRock Inc. now owns 38,503,184 shares of the real estate investment trust’s stock worth $2,672,505,000 after purchasing an additional 232,543 shares during the period. Cohen & Steers Inc. purchased a new position in shares of Welltower during the 3rd quarter worth about $1,459,560,000. Finally, FMR LLC purchased a new position in shares of Welltower during the 3rd quarter worth about $473,389,000. 89.36% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on WELL shares. ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Citigroup lifted their price target on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Raymond James lifted their price target on shares of Welltower from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. They noted that the move was a valuation call. Wells Fargo & Co raised shares of Welltower from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 11th. Finally, Mitsubishi UFJ Financial Group lifted their price target on shares of Welltower to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 13th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $70.85.
Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.02). The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Welltower had a net margin of 17.14% and a return on equity of 6.28%. Welltower’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, research analysts expect that Welltower Inc will post 4.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Friday, February 22nd were given a $0.87 dividend. The ex-dividend date was Thursday, February 21st. This represents a $3.48 annualized dividend and a yield of 4.50%. Welltower’s dividend payout ratio (DPR) is 86.35%.
In other Welltower news, EVP Mercedes Kerr sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $74.50, for a total value of $372,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by insiders.
Welltower Company Profile
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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