Indivisible Partners purchased a new position in shares of Welltower Inc. (NYSE:WELL – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 33,112 shares of the real estate investment trust’s stock, valued at approximately $6,146,000.
A number of other hedge funds have also made changes to their positions in WELL. Vanguard Group Inc. increased its holdings in shares of Welltower by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock valued at $17,154,349,000 after acquiring an additional 2,643,088 shares during the last quarter. Capital International Investors increased its holdings in shares of Welltower by 4.1% in the 3rd quarter. Capital International Investors now owns 46,516,255 shares of the real estate investment trust’s stock valued at $8,285,296,000 after acquiring an additional 1,842,934 shares during the last quarter. State Street Corp increased its holdings in shares of Welltower by 4.1% in the 3rd quarter. State Street Corp now owns 41,253,954 shares of the real estate investment trust’s stock valued at $7,348,979,000 after acquiring an additional 1,637,665 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Welltower by 1.9% in the 3rd quarter. Bank of America Corp DE now owns 19,378,590 shares of the real estate investment trust’s stock valued at $3,452,102,000 after acquiring an additional 367,463 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Welltower by 3.2% in the 3rd quarter. Northern Trust Corp now owns 9,106,068 shares of the real estate investment trust’s stock valued at $1,622,155,000 after acquiring an additional 282,881 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Trading Down 1.3%
NYSE:WELL opened at $214.34 on Wednesday. Welltower Inc. has a 12-month low of $142.65 and a 12-month high of $219.59. The firm has a market capitalization of $151.30 billion, a P/E ratio of 106.11, a P/E/G ratio of 1.13 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. The business has a 50 day simple moving average of $205.96 and a 200 day simple moving average of $196.36.
Welltower Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, May 13th. Welltower’s payout ratio is currently 146.53%.
Wall Street Analyst Weigh In
WELL has been the subject of a number of research analyst reports. Scotiabank boosted their price target on Welltower from $214.00 to $236.00 and gave the company a “sector outperform” rating in a report on Monday, March 2nd. Cantor Fitzgerald boosted their price target on Welltower from $204.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Morgan Stanley boosted 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. UBS Group boosted their price target on Welltower from $240.00 to $249.00 and gave the company a “buy” rating in a report on Monday. Finally, Wells Fargo & Company boosted their price objective on Welltower from $218.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, March 26th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $228.53.
Get 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.
Further Reading
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