HighTower Advisors LLC increased its holdings in Welltower Inc. (NYSE:WELL – Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,990 shares of the real estate investment trust’s stock after purchasing an additional 2,561 shares during the quarter. HighTower Advisors LLC’s holdings in Welltower were worth $17,817,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Hager Investment Management Services LLC grew its stake in shares of Welltower by 84.4% in the third quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Marquette Asset Management LLC boosted its position in Welltower by 62.8% during the fourth 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. Quarry LP bought a new stake in Welltower during the third quarter valued at $33,000. Financial Consulate Inc. bought a new stake in Welltower during the fourth quarter valued at $34,000. Finally, MMA Asset Management LLC bought a new stake in Welltower during the third quarter valued at $35,000. Institutional investors own 94.80% of the company’s stock.
Welltower Price Performance
WELL stock opened at $216.31 on Friday. The stock has a market capitalization of $152.70 billion, a PE ratio of 107.09, a price-to-earnings-growth ratio of 1.13 and a beta of 0.83. The company’s 50-day moving average is $208.17 and its 200-day moving average is $199.71. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31. Welltower Inc. has a 1 year low of $147.49 and a 1 year high of $221.68.
Welltower Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, May 13th. Welltower’s dividend payout ratio is currently 146.53%.
Analysts Set New Price Targets
A number of analysts have commented on WELL shares. Scotiabank upped their price target on shares of Welltower from $236.00 to $248.00 and gave the company an “outperform” rating in a research report on Thursday. KeyCorp upped their price target on shares of Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $245.00 price target on shares of Welltower in a research report on Monday, May 4th. Weiss Ratings cut shares of Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 15th. Finally, Mizuho set a $239.00 price target on shares of Welltower in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $231.00.
Check Out Our Latest Report on WELL
Welltower Company 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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