BI Asset Management Fondsmaeglerselskab A S reduced its holdings in shares of Welltower Inc. (NYSE:WELL – Free Report) by 40.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,380 shares of the real estate investment trust’s stock after selling 23,563 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Welltower were worth $6,797,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Parkside Financial Bank & Trust lifted its stake in shares of Welltower by 2.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 49 shares in the last quarter. KCM Investment Advisors LLC raised its holdings in shares of Welltower by 3.2% during the 4th quarter. KCM Investment Advisors LLC now owns 1,678 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 52 shares during the period. CYBER HORNET ETFs LLC raised its holdings in shares of 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 buying an additional 53 shares during the period. Verdence Capital Advisors LLC lifted its position 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 worth $257,000 after acquiring an additional 56 shares in the last quarter. Finally, Wedmont Private Capital lifted its position 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 worth $1,723,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Price Performance
Shares of NYSE WELL opened at $206.73 on Monday. Welltower Inc. has a fifty-two week low of $148.97 and a fifty-two week high of $221.68. The business has a 50 day moving average price of $210.67 and a two-hundred day moving average price of $201.42. 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 firm has a market cap of $145.93 billion, a PE ratio of 102.34, a price-to-earnings-growth ratio of 1.07 and a beta of 0.79.
Welltower Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were given a $0.74 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 annualized dividend and a dividend yield of 1.4%. Welltower’s dividend payout ratio (DPR) is presently 146.53%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. KeyCorp upped their target price on shares of Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Mizuho set a $239.00 price target on shares of Welltower in a report on Friday, May 22nd. Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, UBS Group lifted their price target on shares of Welltower from $240.00 to $249.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $230.25.
View Our Latest Stock Analysis on Welltower
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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