TIAA Trust National Association Decreases Stock Position in Welltower Inc. (NYSE:WELL)

TIAA Trust National Association decreased its position in shares of Welltower Inc. (NYSE:WELL) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 125,130 shares of the real estate investment trust’s stock after selling 1,999 shares during the quarter. TIAA Trust National Association’s holdings in Welltower were worth $15,770,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. raised its stake in Welltower by 3.8% during the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 75 shares in the last quarter. Childress Capital Advisors LLC raised its position in shares of Welltower by 3.7% during the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 76 shares in the last quarter. Woodmont Investment Counsel LLC lifted its holdings in shares of Welltower by 3.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 81 shares during the last quarter. Wealthspire Advisors LLC grew its position in Welltower by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 83 shares in the last quarter. Finally, Graypoint LLC increased its stake in Welltower by 2.5% during the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 84 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WELL shares. 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. Wells Fargo & Company lifted their price objective on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Bank of America increased their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Price Performance

Shares of WELL stock opened at $148.34 on Wednesday. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $144.41 and a two-hundred day simple moving average of $135.13. The stock has a market capitalization of $95.13 billion, a price-to-earnings ratio of 95.09, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.81%. Welltower’s dividend payout ratio is presently 171.79%.

Welltower 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.