Allspring Global Investments Holdings LLC Has $6.30 Million Holdings in Welltower Inc. (NYSE:WELL)

Allspring Global Investments Holdings LLC lessened its holdings in Welltower Inc. (NYSE:WELL) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,530 shares of the real estate investment trust’s stock after selling 4,348 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Welltower were worth $6,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hartford Investment Management Co. grew its position in Welltower by 0.4% in the 4th quarter. Hartford Investment Management Co. now owns 36,633 shares of the real estate investment trust’s stock worth $4,617,000 after purchasing an additional 150 shares in the last quarter. Quent Capital LLC grew its position in Welltower by 31.1% in the 4th quarter. Quent Capital LLC now owns 995 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 236 shares in the last quarter. Cigna Investments Inc. New grew its position in Welltower by 2.0% in the 4th quarter. Cigna Investments Inc. New now owns 6,313 shares of the real estate investment trust’s stock worth $795,000 after purchasing an additional 126 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Welltower during the 4th quarter valued at approximately $435,000. Finally, Focus Financial Network Inc. grew its position in shares of Welltower by 12.4% during the 4th quarter. Focus Financial Network Inc. now owns 1,863 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and increased their target price for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Bank of America upped their price target on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday. Mizuho upped their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Finally, Scotiabank upped their price target on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research note on Monday, January 27th. 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 given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.19.

Welltower Price Performance

Shares of Welltower stock opened at $149.71 on Thursday. The firm has a market cap of $96.01 billion, a PE ratio of 95.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.23. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $152.81. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $133.00 and its two-hundred day simple moving average is $129.74.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping 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, equities analysts expect that Welltower Inc. will post 4.87 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.79%. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

About Welltower

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.