Van Hulzen Asset Management LLC bought a new stake in Welltower Inc. (NYSE:WELL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,596 shares of the real estate investment trust’s stock, valued at approximately $816,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Leonteq Securities AG raised its holdings in Welltower by 92.3% in the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 60 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Welltower by 124.6% during the 1st quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares in the last quarter. Kilter Group LLC bought a new stake in shares of Welltower during the 2nd quarter valued at $29,000. Swiss RE Ltd. bought a new stake in shares of Welltower during the 4th quarter valued at $29,000. Finally, Quarry LP purchased a new stake in shares of Welltower in the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.
Welltower Price Performance
Shares of NYSE:WELL opened at $240.07 on Tuesday. Welltower Inc. has a 1-year low of $163.75 and a 1-year high of $255.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.16 and a quick ratio of 3.16. The business has a fifty day moving average price of $233.02 and a 200-day moving average price of $216.40. The company has a market capitalization of $173.03 billion, a PE ratio of 110.13, a PEG ratio of 1.14 and a beta of 0.76.
Welltower Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.4%. This is a boost from Welltower’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, August 12th. Welltower’s dividend payout ratio is presently 155.96%.
Analyst Upgrades and Downgrades
WELL has been the subject of several research reports. Jefferies Financial Group increased their price target on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada boosted their price objective on shares of Welltower from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group raised their target price on shares of Welltower from $249.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Evercore reiterated an “outperform” rating and set a $260.00 target price on shares of Welltower in a report on Thursday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $246.11.
Check Out Our Latest Report 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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