Walleye Capital LLC grew its stake in shares of Welltower Inc. (NYSE:WELL – Free Report) by 438.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 211,681 shares of the real estate investment trust’s stock after purchasing an additional 172,398 shares during the period. Walleye Capital LLC’s holdings in Welltower were worth $48,045,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Leonteq Securities AG lifted its stake in shares of Welltower by 92.3% in the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 60 shares during the period. Sound Income Strategies LLC increased its holdings in Welltower by 124.6% in the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares in the last quarter. Swiss RE Ltd. purchased a new position in Welltower in the fourth quarter valued at about $29,000. Quarry LP acquired a new stake in shares of Welltower during the 3rd quarter valued at approximately $33,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Welltower during the 4th quarter valued at approximately $37,000. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Stock Performance
Shares of WELL opened at $235.55 on Friday. Welltower Inc. has a 12-month low of $161.26 and a 12-month high of $255.20. The stock has a market cap of $169.77 billion, a P/E ratio of 108.05, a PEG ratio of 1.12 and a beta of 0.76. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $229.65 and a two-hundred day moving average of $214.01.
Welltower Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 12th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.74. Welltower’s dividend payout ratio is currently 155.96%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on WELL shares. Cantor Fitzgerald upped their price target on Welltower from $235.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Mizuho raised their price objective on Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group lifted their price objective on Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. KeyCorp boosted their target price on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, Citigroup upped their target price on Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, July 31st. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average price target of $246.11.
Check Out Our Latest Research Report 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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