TIAA Trust National Association Cuts Stake in Welltower Inc. (NYSE:WELL)

TIAA Trust National Association reduced its position in shares of Welltower Inc. (NYSE:WELL) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 quarter.

Several other large investors have also bought and sold shares of WELL. Modern Wealth Management LLC purchased a new position in shares of Welltower in the fourth quarter worth $5,255,000. Woodmont Investment Counsel LLC increased its holdings in 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 worth $279,000 after buying an additional 81 shares in the last quarter. Corebridge Financial Inc. raised its position in Welltower by 15.3% in the 4th quarter. Corebridge Financial Inc. now owns 165,902 shares of the real estate investment trust’s stock worth $20,909,000 after buying an additional 22,036 shares during the last quarter. United Services Automobile Association lifted its stake in Welltower by 2.3% during the 4th quarter. United Services Automobile Association now owns 13,488 shares of the real estate investment trust’s stock valued at $1,700,000 after acquiring an additional 305 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Welltower by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust’s stock valued at $12,388,151,000 after acquiring an additional 2,612,044 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

NYSE WELL opened at $148.34 on Wednesday. The stock has a market cap of $95.13 billion, a price-to-earnings ratio of 95.09, a PEG ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. The company’s 50 day moving average is $144.41 and its two-hundred day moving average is $135.13. 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 (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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%. As a group, research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WELL. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $145.00 to $167.00 in a report on Friday, February 14th. Evercore ISI increased their price target on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday, March 4th. Scotiabank raised their price target on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 6th. Mizuho upped their price objective on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company raised their target price on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.