Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Welltower Inc. (NYSE:WELL – Free Report) by 23.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 475,209 shares of the real estate investment trust’s stock after buying an additional 90,664 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Welltower were worth $93,954,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in WELL. Parkside Financial Bank & Trust increased its position in Welltower by 2.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the real estate investment trust’s stock valued at $367,000 after purchasing an additional 49 shares during the period. KCM Investment Advisors LLC lifted its position in shares of Welltower by 3.2% in the 4th quarter. KCM Investment Advisors LLC now owns 1,678 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 52 shares during the period. CYBER HORNET ETFs LLC boosted its stake in shares of Welltower by 3.5% during the third quarter. CYBER HORNET ETFs LLC now owns 1,582 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 53 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Welltower by 4.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 1,385 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 56 shares in the last quarter. Finally, Wedmont Private Capital increased its holdings in Welltower by 0.6% during the fourth quarter. Wedmont Private Capital now owns 9,279 shares of the real estate investment trust’s stock valued at $1,723,000 after buying an additional 57 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.
Welltower Stock Down 0.3%
Shares of WELL stock traded down $0.80 during trading hours on Friday, reaching $231.32. 2,531,031 shares of the company’s stock were exchanged, compared to its average volume of 3,377,990. Welltower Inc. has a 1 year low of $151.92 and a 1 year high of $239.10. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40. The stock has a market cap of $163.29 billion, a PE ratio of 114.52, a PEG ratio of 1.14 and a beta of 0.77. The stock’s fifty day moving average price is $216.45 and its two-hundred day moving average price is $204.97.
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.3%. Welltower’s payout ratio is 146.53%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on WELL shares. Barclays assumed coverage on Welltower in a report on Tuesday, July 7th. They set an “equal weight” rating and a $254.00 target price for the company. Citigroup upped their price objective on Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Raymond James Financial assumed coverage on Welltower in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 target price on the stock. UBS Group increased their price target on shares of Welltower from $249.00 to $271.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Scotiabank reduced their price objective on shares of Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.72.
View Our Latest Analysis on WELL
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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