BI Asset Management Fondsmaeglerselskab A S lowered its stake in Welltower Inc. (NYSE:WELL – Free Report) by 31.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 57,943 shares of the real estate investment trust’s stock after selling 26,827 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Welltower were worth $10,755,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. CYBER HORNET ETFs LLC increased its holdings in Welltower by 3.5% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,582 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 53 shares during the period. Onyx Bridge Wealth Group LLC increased its holdings in Welltower by 3.8% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 1,515 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 56 shares during the period. Verdence Capital Advisors LLC increased its holdings in Welltower by 4.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 1,385 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 56 shares during the period. Wedmont Private Capital increased its holdings in Welltower by 0.6% during the 4th quarter. Wedmont Private Capital now owns 9,279 shares of the real estate investment trust’s stock valued at $1,723,000 after purchasing an additional 57 shares during the period. Finally, Werba Rubin Papier Wealth Management increased its holdings in Welltower by 4.2% during the 4th quarter. Werba Rubin Papier Wealth Management now owns 1,450 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.
Welltower Stock Performance
Shares of WELL opened at $207.48 on Friday. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average price is $208.77 and its 200-day moving average price is $200.93. Welltower Inc. has a 52 week low of $148.60 and a 52 week high of $221.68. The stock has a market cap of $146.46 billion, a P/E ratio of 102.71, a P/E/G ratio of 1.07 and a beta of 0.79.
Welltower Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 13th. Welltower’s payout ratio is currently 146.53%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Mizuho set a $239.00 price target on Welltower in a report on Friday, May 22nd. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup boosted their price target on Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Wells Fargo & Company boosted their price target on Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, KeyCorp boosted their price target on Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average target price of $231.60.
Read Our Latest Stock Analysis on WELL
Welltower Profile
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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