Allspring Global Investments Holdings LLC Sells 9,608 Shares of Welltower Inc. (NYSE:WELL)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Welltower Inc. (NYSE:WELL) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,883 shares of the real estate investment trust’s stock after selling 9,608 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Welltower were worth $4,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new position in shares of Welltower in the fourth quarter worth approximately $25,000. Headlands Technologies LLC grew its holdings in Welltower by 479.6% in the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 259 shares during the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of Welltower in the second quarter valued at about $26,000. Compass Wealth Management LLC bought a new position in shares of Welltower during the fourth quarter valued at about $26,000. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Welltower by 117.8% during the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 185 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Mizuho lifted their price target on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. BNP Paribas began coverage on shares of Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a research note on Tuesday, January 30th. They set a “buy” rating and a $115.00 target price on the stock. Finally, Scotiabank lowered their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average target price of $95.57.

Welltower Stock Up 0.6 %

Shares of NYSE:WELL opened at $91.32 on Friday. Welltower Inc. has a 12-month low of $72.47 and a 12-month high of $94.63. The stock has a market capitalization of $53.97 billion, a price-to-earnings ratio of 142.69, a PEG ratio of 2.28 and a beta of 1.08. The stock has a fifty day simple moving average of $91.83 and a two-hundred day simple moving average of $88.99. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.79). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Welltower had a net margin of 5.12% and a return on equity of 1.47%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. On average, research analysts anticipate that Welltower Inc. will post 4.03 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were given a $0.61 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 annualized dividend and a yield of 2.67%. Welltower’s dividend payout ratio (DPR) is presently 381.26%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.