New York Life Investment Management LLC Sells 49,526 Shares of Welltower Inc. (NYSE:WELL)

New York Life Investment Management LLC decreased its position in shares of Welltower Inc. (NYSE:WELL) by 36.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 88,069 shares of the real estate investment trust’s stock after selling 49,526 shares during the period. New York Life Investment Management LLC’s holdings in Welltower were worth $11,099,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Welltower by 638.0% during the third 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 in the last quarter. FMR LLC lifted its holdings in shares of Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after purchasing an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Welltower by 10.6% in 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 purchasing an additional 1,797,330 shares in the last quarter. Barclays PLC boosted its position in shares of Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Welltower by 28.1% during the 4th quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after buying an additional 324,520 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of WELL opened at $151.54 on Friday. The firm has a fifty day simple moving average of $135.78 and a two-hundred day simple moving average of $131.13. The firm has a market cap of $97.18 billion, a PE ratio of 97.14, a P/E/G ratio of 2.87 and a beta of 1.23. 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 $152.81.

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

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, February 25th. Welltower’s payout ratio is currently 171.79%.

Analysts Set New Price Targets

WELL has been the topic of several analyst reports. Wedbush raised Welltower from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Scotiabank upped their price target on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Mizuho lifted their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Bank of America increased their price target on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

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.