Andra AP fonden increased its holdings in Welltower Inc. (NYSE:WELL – Free Report) by 11.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,900 shares of the real estate investment trust’s stock after acquiring an additional 15,800 shares during the quarter. Andra AP fonden’s holdings in Welltower were worth $29,834,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Welltower in the 4th quarter worth $5,466,264,000. Cardano Risk Management B.V. increased its position in shares of Welltower by 955.3% during the fourth quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock valued at $1,765,808,000 after buying an additional 8,612,016 shares during the period. Capital World Investors raised its stake in Welltower by 153.0% in the fourth quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock worth $1,994,290,000 after buying an additional 6,497,258 shares in the last quarter. Vanguard Group Inc. raised its stake in Welltower by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock worth $17,154,349,000 after buying an additional 2,643,088 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Welltower by 11.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,826,035 shares of the real estate investment trust’s stock worth $3,123,082,000 after buying an additional 1,734,922 shares during the period. Institutional investors own 94.80% of the company’s stock.
Welltower Stock Performance
Welltower stock opened at $244.70 on Tuesday. 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 company has a market capitalization of $172.74 billion, a P/E ratio of 121.14, a PEG ratio of 1.19 and a beta of 0.77. The stock’s 50 day moving average is $219.31 and its 200 day moving average is $207.26. Welltower Inc. has a twelve month low of $158.24 and a twelve month high of $246.43.
Welltower Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 13th. Welltower’s dividend payout ratio is 146.53%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Scotiabank reduced their target price on Welltower from $248.00 to $232.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Wells Fargo & Company lifted their price target on Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Raymond James Financial initiated coverage on Welltower in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 price target on the stock. UBS Group raised their price objective on Welltower from $249.00 to $271.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average price target of $234.72.
Read Our Latest Research 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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