Welltower Inc. (NYSE:WELL) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Welltower Inc. (NYSE:WELL) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,064 shares of the real estate investment trust’s stock after acquiring an additional 133 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Welltower were worth $3,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Welltower by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust’s stock valued at $12,388,151,000 after buying an additional 2,612,044 shares in the last quarter. Capital International Investors grew its stake in shares of Welltower by 0.9% in the fourth quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust’s stock valued at $4,674,826,000 after buying an additional 318,496 shares in the last quarter. Norges Bank acquired a new stake in shares of Welltower in the fourth quarter valued at about $3,943,892,000. Bank of America Corp DE grew its stake in shares of Welltower by 9.7% in the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust’s stock valued at $2,357,617,000 after buying an additional 1,652,611 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Welltower by 9.4% in the fourth quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust’s stock valued at $1,989,106,000 after buying an additional 1,354,231 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WELL. Bank of America increased their target price on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Wall Street Zen lowered Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. Wells Fargo & Company raised their price objective on Welltower from $158.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, June 2nd. Mizuho raised their price objective on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Finally, Evercore ISI raised their price objective on Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.25.

Welltower Trading Up 0.2%

NYSE:WELL opened at $152.22 on Monday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $148.67 and its two-hundred day moving average is $142.34. Welltower Inc. has a 52 week low of $100.13 and a 52 week high of $158.55. The company has a market cap of $99.54 billion, a PE ratio of 97.58, a P/E/G ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL) last released its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the business posted $1.01 EPS. Welltower’s quarterly revenue was up 30.3% compared to the same quarter last year. On average, analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were given a $0.67 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.76%. Welltower’s dividend payout ratio is presently 154.02%.

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.