Jupiter Asset Management Ltd. acquired a new stake in shares of Welltower Inc. (NYSE:WELL – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 428,705 shares of the real estate investment trust’s stock, valued at approximately $76,370,000. Jupiter Asset Management Ltd. owned about 0.06% of Welltower as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd lifted its stake in shares of Welltower by 585.7% in the 3rd quarter. Y.D. More Investments Ltd now owns 288 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 246 shares during the last quarter. Factory Mutual Insurance Co. raised its stake in shares of Welltower by 0.6% in the third quarter. Factory Mutual Insurance Co. now owns 266,800 shares of the real estate investment trust’s stock valued at $47,528,000 after acquiring an additional 1,500 shares during the period. Synovus Financial Corp boosted its stake in shares of Welltower by 5.6% during the 3rd quarter. Synovus Financial Corp now owns 7,439 shares of the real estate investment trust’s stock worth $1,327,000 after purchasing an additional 395 shares during the period. NewEdge Wealth LLC grew its holdings in Welltower by 4.0% during the 3rd quarter. NewEdge Wealth LLC now owns 208,401 shares of the real estate investment trust’s stock valued at $38,835,000 after purchasing an additional 7,950 shares during the last quarter. Finally, Essex Financial Services Inc. raised its position in Welltower by 13.1% in the 3rd quarter. Essex Financial Services Inc. now owns 3,019 shares of the real estate investment trust’s stock worth $538,000 after purchasing an additional 349 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.
Welltower Stock Down 0.2%
Welltower stock opened at $208.11 on Friday. Welltower Inc. has a 1-year low of $130.29 and a 1-year high of $216.43. The stock has a market capitalization of $145.21 billion, a price-to-earnings ratio of 148.65, a PEG ratio of 1.42 and a beta of 0.85. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.46 and a quick ratio of 3.46. The business has a fifty day moving average price of $190.91 and a 200-day moving average price of $182.75.
Welltower Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Welltower’s dividend payout ratio (DPR) is 211.43%.
Wall Street Analyst Weigh In
WELL has been the topic of a number of research analyst reports. Scotiabank upped their price target on shares of Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a report on Thursday, November 13th. KeyCorp reiterated an “overweight” rating on shares of Welltower in a report on Wednesday, February 11th. Citigroup raised their price target on Welltower from $215.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group reiterated a “buy” rating and set a $231.00 target price on shares of Welltower in a report on Monday, December 15th. Finally, Wall Street Zen downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $211.50.
Read Our Latest Research Report on WELL
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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