Landscape Capital Management L.L.C. bought a new stake in Welltower Inc. (NYSE:WELL – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,567 shares of the real estate investment trust’s stock, valued at approximately $9,434,000. Welltower accounts for approximately 0.6% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 16th largest position.
A number of other hedge funds have also modified their holdings of the stock. Revolve Wealth Partners LLC raised its holdings in shares of Welltower by 3.3% during the 2nd quarter. Revolve Wealth Partners LLC now owns 1,392 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 45 shares in the last quarter. Family Wealth Partners LLC increased its position in Welltower by 1.3% in the 2nd quarter. Family Wealth Partners LLC now owns 3,678 shares of the real estate investment trust’s stock worth $835,000 after buying an additional 48 shares during the period. Summit Securities Group LLC increased its position in Welltower by 42.6% during the second quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 49 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Welltower by 2.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 49 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in Welltower by 0.7% in the 1st quarter. Parallel Advisors LLC now owns 7,161 shares of the real estate investment trust’s stock valued at $1,416,000 after acquiring an additional 50 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Stock Up 1.1%
Shares of WELL opened at $239.95 on Friday. The firm has a market capitalization of $172.94 billion, a price-to-earnings ratio of 110.07, a PEG ratio of 1.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.16 and a current ratio of 3.16. The business’s fifty day moving average price is $232.48 and its two-hundred day moving average price is $215.83. Welltower Inc. has a 52 week low of $163.75 and a 52 week high of $255.20.
Welltower Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, August 12th. This is a boost from Welltower’s previous quarterly dividend of $0.74. Welltower’s dividend payout ratio is currently 155.96%.
Wall Street Analysts Forecast Growth
WELL has been the subject of a number of recent research reports. BMO Capital Markets restated an “outperform” rating and issued a $245.00 price objective on shares of Welltower in a research note on Monday, May 4th. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Mizuho increased their target price on Welltower from $239.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Jefferies Financial Group raised their target price on Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Evercore reiterated an “outperform” rating and set a $260.00 price target on shares of Welltower in a research report on Thursday, July 30th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $246.11.
Get Our Latest Stock Analysis on Welltower
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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