Eurizon SLJ Capital Ltd purchased a new stake in shares of Welltower Inc. (NYSE:WELL – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,427 shares of the real estate investment trust’s stock, valued at approximately $822,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. National Pension Service lifted its position in shares of Welltower by 2.1% in the 3rd quarter. National Pension Service now owns 1,691,931 shares of the real estate investment trust’s stock worth $301,401,000 after purchasing an additional 34,532 shares during the period. B&I Capital AG raised its stake in Welltower by 5.7% in the third quarter. B&I Capital AG now owns 161,440 shares of the real estate investment trust’s stock worth $28,759,000 after buying an additional 8,650 shares in the last quarter. New York Life Investment Management LLC raised its stake in Welltower by 4.3% in the third quarter. New York Life Investment Management LLC now owns 97,366 shares of the real estate investment trust’s stock worth $17,345,000 after buying an additional 4,019 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in Welltower in the third quarter worth about $1,781,000. Finally, Benchmark Investment Advisors LLC bought a new position in Welltower in the third quarter worth about $901,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.
Welltower Stock Performance
Shares of WELL opened at $206.11 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31. Welltower Inc. has a one year low of $148.60 and a one year high of $221.68. The firm has a market capitalization of $145.49 billion, a P/E ratio of 102.03, a PEG ratio of 1.09 and a beta of 0.83. The business has a fifty day moving average of $208.54 and a 200 day moving average of $200.65.
Welltower Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were 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 of this dividend was Wednesday, May 13th. Welltower’s payout ratio is presently 146.53%.
Analyst Ratings Changes
Several equities analysts have commented on WELL shares. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company boosted their target price on shares of Welltower from $218.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. KeyCorp increased their price target on shares of Welltower from $210.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Cantor Fitzgerald increased their price target on shares of Welltower from $204.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings lowered shares of Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $231.00.
Read Our Latest Analysis 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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