ProShare Advisors LLC increased its holdings in shares of Welltower Inc. (NYSE:WELL – Free Report) by 8.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 144,239 shares of the real estate investment trust’s stock after buying an additional 11,529 shares during the period. ProShare Advisors LLC’s holdings in Welltower were worth $26,772,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 279 shares during the last quarter. Empowered Funds LLC grew its position in Welltower by 31.7% in the 1st quarter. Empowered Funds LLC now owns 14,790 shares of the real estate investment trust’s stock worth $2,266,000 after purchasing an additional 3,564 shares during the last quarter. Sivia Capital Partners LLC grew its position in Welltower by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,910 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 127 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Welltower by 7.3% in the second quarter. Baird Financial Group Inc. now owns 10,871 shares of the real estate investment trust’s stock valued at $1,671,000 after purchasing an additional 735 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Welltower by 27.0% during the second quarter. NewEdge Advisors LLC now owns 12,435 shares of the real estate investment trust’s stock valued at $1,912,000 after buying an additional 2,641 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.
Welltower Price Performance
Shares of NYSE:WELL opened at $218.13 on Thursday. The stock has a market cap of $153.98 billion, a price-to-earnings ratio of 107.99, a PEG ratio of 1.14 and a beta of 0.83. 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 12 month low of $146.65 and a 12 month high of $221.68. The stock’s 50 day moving average price is $207.79 and its 200 day moving average price is $199.35.
Welltower Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Wednesday, May 13th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $2.96 annualized dividend and a yield of 1.4%. Welltower’s dividend payout ratio (DPR) is currently 146.53%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on WELL shares. BMO Capital Markets reiterated an “outperform” rating and set a $245.00 price objective on shares of Welltower in a research report on Monday, May 4th. Morgan Stanley lifted their target price on Welltower from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Mizuho boosted their price target on Welltower from $216.00 to $231.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. KeyCorp increased their price target on Welltower from $210.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company raised their price target on Welltower from $218.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $229.67.
View Our Latest Research Report on Welltower
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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