Welltower Inc. (NYSE:WELL) is Garland Capital Management Inc.’s 9th Largest Position

Garland Capital Management Inc. cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,743 shares of the real estate investment trust’s stock after selling 3,470 shares during the quarter. Welltower makes up 4.2% of Garland Capital Management Inc.’s investment portfolio, making the stock its 9th largest holding. Garland Capital Management Inc.’s holdings in Welltower were worth $5,135,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WELL. Wellington Management Group LLP grew its stake in shares of Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after acquiring an additional 1,797,330 shares during the period. FMR LLC grew its stake in shares of Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after acquiring an additional 3,977,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Welltower by 638.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock worth $886,022,000 after acquiring an additional 5,982,711 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Welltower by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock worth $489,585,000 after acquiring an additional 117,170 shares during the period. Finally, Amundi grew its stake in shares of Welltower by 18.5% during the 4th quarter. Amundi now owns 3,773,827 shares of the real estate investment trust’s stock worth $477,314,000 after acquiring an additional 589,255 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of NYSE WELL opened at $146.84 on Friday. The stock has a market cap of $94.17 billion, a price-to-earnings ratio of 94.13, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The stock’s 50-day moving average is $143.50 and its 200 day moving average is $134.62.

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

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.83%. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

Analysts Set New Price Targets

Several research analysts have commented on WELL shares. Scotiabank raised their target price on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 6th. Bank of America raised their target price on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Raymond James raised their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Evercore ISI raised their target price on Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 4th. Finally, Mizuho raised their price target on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.

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.