Jupiter Topco LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 874,893 shares of the real estate investment trust’s stock, valued at approximately $198,455,000. Jupiter Topco LLC owned about 0.12% of Welltower at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in Welltower in the 4th quarter worth $5,466,264,000. Cardano Risk Management B.V. increased its position in Welltower by 955.3% in the fourth quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock worth $1,765,808,000 after buying an additional 8,612,016 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Welltower in the second quarter worth about $1,599,351,000. Capital World Investors lifted its position in shares of Welltower by 153.0% during the 4th quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock valued at $1,994,290,000 after buying an additional 6,497,258 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Welltower by 5.5% during the 2nd quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust’s stock valued at $17,714,830,000 after acquiring an additional 4,045,458 shares during the period. 94.80% of the stock is currently owned by institutional investors.
Welltower Trading Up 0.3%
Shares of WELL stock opened at $241.81 on Thursday. The company has a market cap of $174.28 billion, a PE ratio of 110.92, a price-to-earnings-growth ratio of 1.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.16 and a quick ratio of 3.16. The stock’s 50 day simple moving average is $234.27 and its two-hundred day simple moving average is $217.15. Welltower Inc. has a 1 year low of $163.75 and a 1 year high of $255.20.
Welltower Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Wednesday, August 12th were issued a $0.85 dividend. The ex-dividend date was Wednesday, August 12th. This is a boost 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 dividend payout ratio (DPR) is currently 155.96%.
Analysts Set New Price Targets
WELL has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Welltower from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. KeyCorp increased their target price on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Citigroup increased their price objective on shares of Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Raymond James Financial started coverage on shares of Welltower in a research note on Tuesday, June 16th. They set an “outperform” rating and a $226.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.11.
View Our Latest Research 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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