IFM Investors Pty Ltd raised its holdings in Welltower Inc. (NYSE:WELL – Free Report) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 241,967 shares of the real estate investment trust’s stock after purchasing an additional 9,129 shares during the quarter. IFM Investors Pty Ltd’s holdings in Welltower were worth $44,911,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SmartHarvest Portfolios LLC acquired a new position in Welltower during the 4th quarter worth about $459,000. Meeder Advisory Services Inc. lifted its position in Welltower by 15.0% during the 4th quarter. Meeder Advisory Services Inc. now owns 17,206 shares of the real estate investment trust’s stock worth $3,194,000 after buying an additional 2,248 shares in the last quarter. Inceptionr LLC acquired a new position in Welltower during the 4th quarter worth about $961,000. Saturna Capital Corp lifted its position in Welltower by 1.3% during the 4th quarter. Saturna Capital Corp now owns 6,360 shares of the real estate investment trust’s stock worth $1,180,000 after buying an additional 80 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in Welltower by 7.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,684 shares of the real estate investment trust’s stock worth $1,055,000 after buying an additional 410 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Stock Performance
Welltower stock opened at $211.15 on Friday. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40. Welltower Inc. has a 1 year low of $148.97 and a 1 year high of $221.68. The company has a market cap of $149.05 billion, a PE ratio of 104.53, a PEG ratio of 1.09 and a beta of 0.79. The company’s 50-day moving average is $209.67 and its two-hundred day moving average is $201.21.
Welltower Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a yield of 1.4%. Welltower’s dividend payout ratio is presently 146.53%.
Analysts Set New Price Targets
Several brokerages recently issued reports on WELL. Mizuho set a $239.00 price target on shares of Welltower in a research report on Friday, May 22nd. Wells Fargo & Company upped their price target on shares of Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Citigroup upped their price target on shares of Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Morgan Stanley upped their price target on shares of Welltower from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $231.60.
Get Our Latest Analysis on Welltower
Welltower Company 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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