Lansforsakringar Fondforvaltning AB publ lifted its position in Welltower Inc. (NYSE:WELL – Free Report) by 1.9% in the third quarter, HoldingsChannel.com reports. The firm owned 207,085 shares of the real estate investment trust’s stock after acquiring an additional 3,850 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Welltower were worth $36,890,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC increased its position in shares of Welltower by 0.6% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,774 shares of the real estate investment trust’s stock worth $1,741,000 after purchasing an additional 55 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its stake in Welltower by 3.8% during the third quarter. Onyx Bridge Wealth Group LLC now owns 1,515 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 56 shares during the last quarter. Sachetta LLC increased its holdings in shares of Welltower by 14.9% during the third quarter. Sachetta LLC now owns 448 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 58 shares in the last quarter. PDS Planning Inc raised its stake in shares of Welltower by 1.4% in the third quarter. PDS Planning Inc now owns 4,326 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 59 shares during the last quarter. Finally, Modera Wealth Management LLC grew its position in Welltower by 3.4% during the 3rd quarter. Modera Wealth Management LLC now owns 1,807 shares of the real estate investment trust’s stock worth $322,000 after acquiring an additional 60 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Welltower Price Performance
WELL opened at $208.13 on Friday. The stock has a market cap of $145.22 billion, a P/E ratio of 148.67, a P/E/G ratio of 1.42 and a beta of 0.85. Welltower Inc. has a 12 month low of $130.29 and a 12 month high of $216.43. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $191.34 and a 200 day simple moving average of $183.12.
Welltower Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders 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 dividend yield of 1.4%. The ex-dividend date is Wednesday, February 25th. Welltower’s payout ratio is 211.43%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Welltower from $215.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $205.00 target price on shares of Welltower in a research note on Thursday, December 18th. Weiss Ratings downgraded Welltower from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday. Wells Fargo & Company raised their price target on Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Finally, UBS Group set a $240.00 price objective on Welltower in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.50.
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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