Danica Pension Livsforsikringsaktieselskab boosted its position in Welltower Inc. (NYSE:WELL – Free Report) by 10.8% during the first quarter, Holdings Channel.com reports. The fund owned 126,427 shares of the real estate investment trust’s stock after purchasing an additional 12,287 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Welltower were worth $24,996,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 279 shares during the period. Empowered Funds LLC boosted its position in Welltower by 31.7% during the 1st quarter. Empowered Funds LLC now owns 14,790 shares of the real estate investment trust’s stock worth $2,266,000 after purchasing an additional 3,564 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Welltower by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 1,910 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 127 shares during the period. Baird Financial Group Inc. grew its position in Welltower by 7.3% in the second quarter. Baird Financial Group Inc. now owns 10,871 shares of the real estate investment trust’s stock valued at $1,671,000 after acquiring an additional 735 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Welltower by 27.0% during the 2nd quarter. NewEdge Advisors LLC now owns 12,435 shares of the real estate investment trust’s stock valued at $1,912,000 after purchasing an additional 2,641 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Welltower Stock Up 0.7%
WELL stock opened at $246.59 on Wednesday. The firm’s 50-day simple moving average is $219.89 and its 200 day simple moving average is $207.69. Welltower Inc. has a fifty-two week low of $158.24 and a fifty-two week high of $247.45. The stock has a market cap of $174.07 billion, a PE ratio of 122.07, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40.
Welltower Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, May 13th. Welltower’s payout ratio is 146.53%.
Analysts Set New Price Targets
WELL has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $238.00 price objective on shares of Welltower in a research note on Monday, June 15th. Citigroup increased their target price on shares of Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating and issued a $245.00 price target on shares of Welltower in a research report on Monday, May 4th. Raymond James Financial initiated coverage on shares of Welltower in a research report on Tuesday, June 16th. They set an “outperform” rating and a $226.00 price objective for the company. Finally, Weiss Ratings lowered shares of Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $234.72.
Read Our Latest Analysis on WELL
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.
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