Panagora Asset Management Inc. Has $1.07 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Panagora Asset Management Inc. trimmed its holdings in Welltower Inc. (NYSE:WELLGet Rating) by 18.1% during the fourth quarter, Holdings Channel reports. The firm owned 12,419 shares of the real estate investment trust’s stock after selling 2,753 shares during the quarter. Panagora Asset Management Inc.’s holdings in Welltower were worth $1,065,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Abeille Asset Management SA acquired a new position in Welltower during the 4th quarter worth approximately $653,000. Lockheed Martin Investment Management Co. acquired a new position in Welltower during the 4th quarter worth approximately $4,298,000. OPSEU Pension Plan Trust Fund raised its stake in Welltower by 3.1% during the 4th quarter. OPSEU Pension Plan Trust Fund now owns 18,541 shares of the real estate investment trust’s stock worth $1,608,000 after buying an additional 549 shares during the period. Teacher Retirement System of Texas raised its stake in Welltower by 142.2% during the 4th quarter. Teacher Retirement System of Texas now owns 161,442 shares of the real estate investment trust’s stock worth $13,847,000 after buying an additional 94,790 shares during the period. Finally, Aviva PLC raised its stake in Welltower by 0.7% during the 4th quarter. Aviva PLC now owns 171,198 shares of the real estate investment trust’s stock worth $14,684,000 after buying an additional 1,253 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Welltower stock opened at $89.66 on Wednesday. Welltower Inc. has a 12 month low of $71.34 and a 12 month high of $99.43. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.78. The business’s 50 day simple moving average is $93.33 and its 200 day simple moving average is $87.36. The company has a market cap of $40.70 billion, a price-to-earnings ratio of 119.55, a PEG ratio of 3.09 and a beta of 0.98.

Welltower (NYSE:WELLGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.68). Welltower had a net margin of 6.42% and a return on equity of 1.81%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company posted $0.80 EPS. Welltower’s revenue for the quarter was up 32.7% on a year-over-year basis. As a group, equities research analysts forecast that Welltower Inc. will post 3.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 24th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $2.44 annualized dividend and a yield of 2.72%. Welltower’s payout ratio is 325.34%.

A number of analysts have commented on the company. Mizuho boosted their price objective on Welltower from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, March 21st. KeyCorp boosted their price objective on Welltower from $96.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, April 1st. Morgan Stanley boosted their price objective on Welltower from $95.50 to $100.00 in a report on Thursday, March 17th. Zacks Investment Research lowered Welltower from a “hold” rating to a “sell” rating and set a $88.00 price objective for the company. in a report on Monday, February 21st. Finally, Raymond James boosted their price objective on Welltower from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Friday, March 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $96.75.

Welltower Profile (Get Rating)

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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