Fig Financial Advisory Services Inc. ADV lifted its stake in shares of Welltower Inc. (NYSE:WELL – Free Report) by 63.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,365 shares of the real estate investment trust’s stock after buying an additional 4,012 shares during the quarter. Welltower accounts for approximately 1.4% of Fig Financial Advisory Services Inc. ADV’s holdings, making the stock its 15th largest holding. Fig Financial Advisory Services Inc. ADV’s holdings in Welltower were worth $2,353,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Danica Pension Livsforsikringsaktieselskab purchased a new position in Welltower in the 2nd quarter worth approximately $28,695,000. Danske Bank A S purchased a new stake in shares of Welltower during the second quarter valued at approximately $94,678,000. Diversify Advisory Services LLC purchased a new stake in shares of Welltower during the second quarter valued at approximately $390,000. Wealthfront Advisers LLC lifted its position in shares of Welltower by 1.3% during the second quarter. Wealthfront Advisers LLC now owns 88,184 shares of the real estate investment trust’s stock worth $20,015,000 after purchasing an additional 1,105 shares in the last quarter. Finally, Main Street Financial Solutions LLC purchased a new position in shares of Welltower in the second quarter valued at $376,000. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Price Performance
NYSE WELL opened at $235.38 on Wednesday. Welltower Inc. has a 52 week low of $162.29 and a 52 week high of $255.20. The stock has a market cap of $169.65 billion, a price-to-earnings ratio of 107.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.76. The company has a 50-day moving average price of $230.95 and a two-hundred day moving average price of $214.96. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37.
Welltower Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Wednesday, August 12th will be given a dividend of $0.85 per share. This is a boost from Welltower’s previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, August 12th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s payout ratio is currently 155.96%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of Welltower from $235.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Scotiabank lowered their price objective on Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Raymond James Financial initiated coverage on Welltower in a report on Tuesday, June 16th. They set an “outperform” rating and a $226.00 price objective on the stock. Barclays began coverage on Welltower in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $254.00 target price on the stock. Finally, Weiss Ratings cut Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $246.11.
Get Our Latest 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.
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