IFM Investors Pty Ltd increased its stake in shares of Welltower Inc. (NYSE:WELL – Free Report) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,967 shares of the real estate investment trust’s stock after acquiring an additional 9,129 shares during the quarter. IFM Investors Pty Ltd’s holdings in Welltower were worth $44,911,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Hager Investment Management Services LLC increased its holdings in Welltower by 84.4% in the 3rd quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 65 shares during the period. Marquette Asset Management LLC increased its holdings in Welltower by 62.8% in the 4th quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 59 shares during the period. Quarry LP bought a new stake in Welltower in the 3rd quarter valued at $33,000. Financial Consulate Inc. bought a new stake in Welltower in the 4th quarter valued at $34,000. Finally, Morse Asset Management Inc increased its holdings in Welltower by 56.3% in the 4th quarter. Morse Asset Management Inc now owns 211 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 76 shares during the period. Institutional investors own 94.80% of the company’s stock.
Welltower Stock Down 0.1%
WELL opened at $211.15 on Friday. The firm’s 50-day simple moving average is $209.67 and its 200-day simple moving average is $201.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.31 and a current ratio of 4.31. Welltower Inc. has a twelve month low of $148.97 and a twelve month high of $221.68. The firm has a market cap of $149.05 billion, a price-to-earnings ratio of 104.53, a PEG ratio of 1.09 and a beta of 0.79.
Welltower Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 annualized dividend and a dividend yield of 1.4%. Welltower’s dividend payout ratio is presently 146.53%.
Analyst Ratings Changes
Several brokerages have issued reports on WELL. Scotiabank boosted their price target on shares of Welltower from $236.00 to $248.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Welltower from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. UBS Group boosted their price target on shares of Welltower from $240.00 to $249.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $245.00 price target on shares of Welltower in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.60.
View 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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