Natixis Advisors LLC boosted its holdings in Welltower Inc. (NYSE:WELL – Free Report) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 675,273 shares of the real estate investment trust’s stock after buying an additional 21,886 shares during the quarter. Natixis Advisors LLC owned 0.10% of Welltower worth $120,293,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Korea Investment CORP lifted its stake in Welltower by 5.7% during the 3rd quarter. Korea Investment CORP now owns 800,474 shares of the real estate investment trust’s stock valued at $142,596,000 after acquiring an additional 43,069 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Welltower in the third quarter worth approximately $176,000. Ameriflex Group Inc. grew its stake in shares of Welltower by 220.8% in the third quarter. Ameriflex Group Inc. now owns 1,623 shares of the real estate investment trust’s stock worth $289,000 after acquiring an additional 1,117 shares during the period. Angeles Wealth Management LLC raised its holdings in shares of Welltower by 7.8% during the third quarter. Angeles Wealth Management LLC now owns 1,842 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 133 shares during the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Welltower by 0.6% during the third quarter. Blair William & Co. IL now owns 31,778 shares of the real estate investment trust’s stock valued at $5,661,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.
Welltower Stock Performance
Shares of NYSE WELL opened at $204.09 on Monday. The firm has a fifty day moving average price of $195.27 and a 200-day moving average price of $186.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.46 and a quick ratio of 3.46. The stock has a market cap of $142.40 billion, a PE ratio of 145.78, a price-to-earnings-growth ratio of 1.39 and a beta of 0.82. Welltower Inc. has a 1 year low of $130.29 and a 1 year high of $216.43.
Welltower Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, February 25th. Welltower’s payout ratio is presently 211.43%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Scotiabank raised their target price on shares of Welltower from $214.00 to $236.00 and gave the stock a “sector outperform” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $205.00 target price on shares of Welltower in a research note on Thursday, December 18th. Morgan Stanley increased their price target on Welltower from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Royal Bank Of Canada raised their price target on Welltower from $207.00 to $230.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Finally, Citigroup lifted their price objective on Welltower from $215.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.71.
Read Our Latest Research Report on WELL
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.
Read More
- Five stocks we like better than Welltower
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL – Free Report).
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.
