PGGM Investments Has $222.51 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

PGGM Investments grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,467,640 shares of the real estate investment trust’s stock after purchasing an additional 107,311 shares during the period. Welltower makes up about 3.4% of PGGM Investments’ holdings, making the stock its 2nd biggest holding. PGGM Investments’ holdings in Welltower were worth $222,507,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Welltower during the fourth quarter worth $25,000. Headlands Technologies LLC increased its position in shares of Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 259 shares during the period. FinTrust Capital Advisors LLC increased its position 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 buying an additional 185 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of Welltower during the third quarter worth $38,000. Finally, Salem Investment Counselors Inc. increased its position in shares of Welltower by 84.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 194 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.4 %

Shares of Welltower stock traded up $0.34 during trading hours on Friday, reaching $94.34. The company’s stock had a trading volume of 1,857,213 shares, compared to its average volume of 2,134,148. Welltower Inc. has a one year low of $72.47 and a one year high of $94.99. The company has a market capitalization of $55.76 billion, a P/E ratio of 147.41, a P/E/G ratio of 2.38 and a beta of 1.08. The stock’s fifty day simple moving average is $92.06 and its two-hundred day simple moving average is $89.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business posted $0.83 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. On average, research analysts forecast that Welltower Inc. will post 4.04 earnings per share for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s payout ratio is currently 381.26%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WELL shares. Mizuho increased their price objective on shares of Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. BNP Paribas started coverage on shares of Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target for the company. KeyCorp raised their price target on shares of Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. Scotiabank reduced their price target 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Welltower in a report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price target for the company. One equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.57.

Welltower 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.