Banco Santander S.A. cut its stake in Welltower Inc. (NYSE:WELL – Free Report) by 14.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,687 shares of the real estate investment trust’s stock after selling 17,446 shares during the quarter. Banco Santander S.A.’s holdings in Welltower were worth $18,649,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC increased its position in Welltower by 84.4% in the 3rd quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. MMA Asset Management LLC acquired a new position in Welltower in the third quarter worth approximately $35,000. Global Wealth Strategies & Associates bought a new position in Welltower during the third quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. lifted its stake in Welltower by 39.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 87 shares during the last quarter. Finally, Y.D. More Investments Ltd grew its position in Welltower by 585.7% in the third quarter. Y.D. More Investments Ltd now owns 288 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 246 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Trading Up 0.2%
Welltower stock opened at $208.58 on Friday. Welltower Inc. has a 52 week low of $130.29 and a 52 week high of $216.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.46 and a current ratio of 3.46. The firm has a market capitalization of $145.54 billion, a PE ratio of 148.99, a PEG ratio of 1.44 and a beta of 0.85. The business’s 50-day simple moving average is $192.88 and its 200-day simple moving average is $184.12.
Welltower Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, February 25th. Welltower’s dividend payout ratio is presently 211.43%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on WELL. Jefferies Financial Group restated a “buy” rating and set a $231.00 price target on shares of Welltower in a report on Monday, December 15th. Scotiabank boosted their price target on Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Wall Street Zen downgraded Welltower from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Royal Bank Of Canada raised their price objective on Welltower from $207.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Weiss Ratings lowered Welltower from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $218.79.
Check Out Our Latest Stock Report on WELL
About Welltower
Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.
The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.
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