Danica Pension Livsforsikringsaktieselskab boosted its position in shares of Welltower Inc. (NYSE:WELL – Free Report) by 10.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period.
Several other large investors also recently bought and sold shares of the company. Leonteq Securities AG raised its stake in shares of Welltower by 92.3% during the 1st quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 60 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Welltower by 124.6% in the 1st quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Marquette Asset Management LLC grew its stake 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 acquiring an additional 59 shares during the last quarter. Swiss RE Ltd. acquired a new stake in Welltower in the 4th quarter valued at about $29,000. Finally, Quarry LP purchased a new position in Welltower during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Stock Up 0.7%
WELL stock opened at $246.59 on Wednesday. The company has a 50 day moving average price of $219.89 and a two-hundred day moving average price of $207.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.31 and a current ratio of 4.31. The stock has a market capitalization of $174.07 billion, a P/E ratio of 122.07, a PEG ratio of 1.20 and a beta of 0.77. Welltower Inc. has a one year low of $158.24 and a one year high of $247.45.
Welltower Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 annualized dividend and a yield of 1.2%. Welltower’s dividend payout ratio is 146.53%.
Analyst Ratings Changes
A number of equities analysts have issued reports on WELL shares. Weiss Ratings cut shares of Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Jefferies Financial Group increased their price target on shares of Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. BMO Capital Markets reissued an “outperform” rating and set a $245.00 price objective on shares of Welltower in a research note on Monday, May 4th. Scotiabank cut their price objective on Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 18th. Finally, Raymond James Financial assumed coverage on Welltower in a research note on Tuesday, June 16th. They set an “outperform” rating and a $226.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $234.72.
Read Our Latest Research Report on Welltower
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.
Recommended Stories
- Five stocks we like better than Welltower
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.
