Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in Welltower Inc. (NYSE:WELL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Welltower Inc. (NYSE:WELL) by 10.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 340,277 shares of the real estate investment trust’s stock after buying an additional 33,241 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Welltower were worth $30,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new position in Welltower in the 4th quarter valued at $25,000. Covestor Ltd grew its position in Welltower by 97.4% in the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 147 shares during the last quarter. Headlands Technologies LLC grew its position in Welltower by 479.6% in the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 259 shares during the last quarter. First Capital Advisors Group LLC. purchased a new position in Welltower in the 2nd quarter valued at $26,000. Finally, FinTrust Capital Advisors LLC grew its position in Welltower by 117.8% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 185 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Scotiabank lowered their price objective 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. KeyCorp boosted their target price 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. Mizuho boosted their target price on shares of Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a research report on Tuesday, January 30th. They set a “buy” rating and a $115.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.57.

Welltower Trading Down 0.9 %

Shares of WELL stock opened at $88.31 on Wednesday. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60. Welltower Inc. has a twelve month low of $72.47 and a twelve month high of $94.63. The company has a market capitalization of $52.20 billion, a price-to-earnings ratio of 137.99, a PEG ratio of 2.27 and a beta of 1.08. The firm has a 50-day moving average price of $91.62 and a 200 day moving average price of $88.90.

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

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s dividend payout ratio is presently 381.26%.

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.