Blue Trust Inc. raised its holdings in Welltower Inc. (NYSE:WELL – Free Report) by 75.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,083 shares of the real estate investment trust’s stock after acquiring an additional 1,326 shares during the quarter. Blue Trust Inc.’s holdings in Welltower were worth $474,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Good Life Advisors LLC grew its holdings in shares of Welltower by 1.2% during the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust’s stock worth $880,000 after buying an additional 69 shares in the last quarter. Rise Advisors LLC grew its holdings in shares of Welltower by 23.3% during the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 69 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in shares of Welltower by 2.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust’s stock worth $558,000 after buying an additional 73 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Welltower by 7.8% during the second quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 73 shares in the last quarter. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of Welltower by 1.8% during the first quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Stock Down 0.9%
Shares of NYSE:WELL opened at $165.84 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. Welltower Inc. has a 1 year low of $123.11 and a 1 year high of $180.40. The stock has a market capitalization of $110.92 billion, a P/E ratio of 93.70, a PEG ratio of 1.87 and a beta of 0.92. The stock has a 50-day simple moving average of $168.59 and a 200-day simple moving average of $157.48.
Welltower Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio (DPR) is presently 167.23%.
Analysts Set New Price Targets
WELL has been the subject of a number of recent research reports. Scotiabank lifted their price target on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. KeyCorp lifted their price target on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Wells Fargo & Company lifted their price target on Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Evercore ISI lifted their price target on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.69.
Read Our Latest Stock Report on WELL
About Welltower
Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.
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