Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Welltower Inc. (NYSE:WELL – Free Report) by 10.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 567,762 shares of the real estate investment trust’s stock after purchasing an additional 53,951 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Welltower worth $128,865,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in WELL. Leonteq Securities AG grew its holdings in Welltower by 92.3% in the 1st quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 60 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Welltower by 124.6% during the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Swiss RE Ltd. bought a new stake in shares of Welltower in the fourth quarter valued at about $29,000. Summit Securities Group LLC boosted its position in shares of Welltower by 42.6% in the second quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 49 shares during the period. Finally, Allied Private Wealth LLC acquired a new position in shares of Welltower in the second quarter valued at about $41,000. 94.80% of the stock is currently owned by institutional investors.
Welltower Stock Up 0.5%
WELL stock opened at $235.55 on Friday. The firm has a 50-day moving average price of $229.65 and a 200-day moving average price of $214.01. The stock has a market capitalization of $169.77 billion, a P/E ratio of 108.05, a price-to-earnings-growth ratio of 1.13 and a beta of 0.76. Welltower Inc. has a 12 month low of $161.26 and a 12 month high of $255.20. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37.
Welltower Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Wednesday, August 12th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.74. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s payout ratio is 155.96%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on WELL shares. Evercore reaffirmed an “outperform” rating and set a $260.00 price target on shares of Welltower in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price 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. UBS Group raised their target price on shares of Welltower from $249.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $245.00 price target on shares of Welltower in a research report on Monday, May 4th. Finally, Citigroup boosted their price target on Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $246.11.
About Welltower
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.
See Also
- Five stocks we like better than Welltower
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
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.
