SVB Wealth LLC Has $466,000 Stock Position in Welltower Inc. (NYSE:WELL)

SVB Wealth LLC lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 38.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,163 shares of the real estate investment trust’s stock after buying an additional 1,431 shares during the period. SVB Wealth LLC’s holdings in Welltower were worth $466,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Welltower in the 4th quarter valued at $1,104,830,000. Deutsche Bank AG grew its stake in Welltower by 426.4% in the 1st quarter. Deutsche Bank AG now owns 4,927,021 shares of the real estate investment trust’s stock valued at $353,218,000 after buying an additional 3,991,041 shares during the last quarter. Principal Financial Group Inc. grew its stake in Welltower by 25.1% in the 3rd quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust’s stock valued at $1,058,848,000 after buying an additional 2,596,718 shares during the last quarter. Vanguard Group Inc. grew its stake in Welltower by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust’s stock valued at $6,615,662,000 after buying an additional 2,156,673 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Welltower by 22.9% in the 3rd quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust’s stock valued at $695,223,000 after buying an additional 1,581,084 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WELL. BNP Paribas began coverage on shares of Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. KeyCorp raised their price target on shares of Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Scotiabank decreased their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Welltower in a research report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price target on the stock. Finally, Mizuho raised their price objective on shares of Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.57.

Welltower Trading Up 0.6 %

Shares of WELL stock opened at $91.32 on Friday. Welltower Inc. has a 12-month low of $72.47 and a 12-month high of $94.63. The company has a market capitalization of $53.97 billion, a P/E ratio of 142.69, a P/E/G ratio of 2.31 and a beta of 1.08. The firm has a 50-day moving average price of $91.83 and a 200 day moving average price of $89.06. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Research analysts forecast that Welltower Inc. will post 4.03 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.67%. The ex-dividend date was Thursday, February 22nd. Welltower’s dividend payout ratio is currently 381.25%.

Welltower Profile

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.