Federated Hermes Inc. Has $834,000 Holdings in Welltower Inc. (NYSE:WELL)

Federated Hermes Inc. decreased its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,246 shares of the real estate investment trust’s stock after selling 459 shares during the period. Federated Hermes Inc.’s holdings in Welltower were worth $834,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. OLD Second National Bank of Aurora boosted its holdings in Welltower by 1.0% during the fourth quarter. OLD Second National Bank of Aurora now owns 15,581 shares of the real estate investment trust’s stock worth $1,405,000 after purchasing an additional 161 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Welltower by 1.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,986,481 shares of the real estate investment trust’s stock worth $720,141,000 after purchasing an additional 99,314 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Welltower by 10.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 340,277 shares of the real estate investment trust’s stock worth $30,683,000 after purchasing an additional 33,241 shares during the last quarter. Everence Capital Management Inc. boosted its holdings in Welltower by 30.6% during the fourth quarter. Everence Capital Management Inc. now owns 17,680 shares of the real estate investment trust’s stock worth $1,594,000 after purchasing an additional 4,140 shares during the last quarter. Finally, Imprint Wealth LLC boosted its holdings in Welltower by 2.6% during the fourth quarter. Imprint Wealth LLC now owns 11,425 shares of the real estate investment trust’s stock worth $1,030,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

WELL has been the subject of several recent research reports. Mizuho increased their target price on shares of Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. KeyCorp increased their target price on shares of Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. BNP Paribas began coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. Finally, Scotiabank dropped 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.57.

Welltower Price Performance

Shares of WELL opened at $94.36 on Thursday. The firm has a market capitalization of $55.77 billion, a PE ratio of 116.49, a PEG ratio of 2.42 and a beta of 1.08. The company’s 50-day moving average is $92.17 and its 200-day moving average is $89.65. Welltower Inc. has a fifty-two week low of $72.47 and a fifty-two week high of $98.19. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.85%. Welltower’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Equities analysts forecast that Welltower Inc. will post 4.05 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, May 10th. Welltower’s payout ratio is presently 301.23%.

Welltower Company 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.