Swiss National Bank decreased its position in shares of Welltower Inc. (NYSE:WELL – Free Report) by 4.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,885,100 shares of the real estate investment trust’s stock after selling 77,800 shares during the quarter. Swiss National Bank’s holdings in Welltower were worth $335,812,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Welltower in the 2nd quarter valued at $4,903,554,000. Vanguard Group Inc. lifted its stake in shares of Welltower by 4.7% during the third quarter. Vanguard Group Inc. now owns 89,778,383 shares of the real estate investment trust’s stock valued at $15,993,121,000 after acquiring an additional 3,991,896 shares during the period. State Street Corp boosted its holdings in Welltower by 4.6% in the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after acquiring an additional 1,740,196 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Welltower by 241.5% in the second quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock valued at $190,801,000 after acquiring an additional 877,725 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Welltower by 5.1% in the second quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after purchasing an additional 723,887 shares during the period. 94.80% of the stock is currently owned by institutional investors.
Welltower Stock Down 0.5%
Shares of NYSE WELL opened at $204.09 on Monday. The stock has a market cap of $142.40 billion, a P/E ratio of 145.78, a P/E/G ratio of 1.39 and a beta of 0.82. The firm has a 50 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 quick ratio of 3.46 and a current ratio of 3.46. Welltower Inc. has a 52-week low of $130.29 and a 52-week high of $216.43.
Welltower Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 211.43%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on WELL. JPMorgan Chase & Co. restated a “neutral” rating and set a $205.00 target price on shares of Welltower in a research report on Thursday, December 18th. KeyCorp lifted their price target on shares of Welltower from $210.00 to $240.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. Citigroup boosted their price target on shares of Welltower from $215.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Scotiabank raised their price objective on shares of Welltower from $214.00 to $236.00 and gave the company a “sector outperform” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $224.71.
Get Our Latest Stock Report on Welltower
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.
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