Transamerica Financial Advisors LLC bought a new stake in Welltower Inc. (NYSE:WELL – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 56,980 shares of the real estate investment trust’s stock, valued at approximately $12,933,000. Welltower accounts for about 1.1% of Transamerica Financial Advisors LLC’s portfolio, making the stock its 18th largest holding.
A number of other institutional investors have also modified their holdings of WELL. Revolve Wealth Partners LLC lifted its holdings in shares of Welltower by 3.3% during the second quarter. Revolve Wealth Partners LLC now owns 1,392 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 45 shares during the period. Family Wealth Partners LLC increased its stake 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 valued at $835,000 after buying an additional 48 shares during the period. Summit Securities Group LLC raised its position in Welltower by 42.6% during the 2nd quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 49 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Welltower by 2.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 49 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Welltower by 0.7% in the first 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. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Price Performance
NYSE:WELL opened at $241.81 on Thursday. Welltower Inc. has a 12-month low of $163.75 and a 12-month high of $255.20. The company’s 50-day moving average is $234.27 and its two-hundred day moving average is $217.15. The firm has a market cap of $174.28 billion, a price-to-earnings ratio of 110.92, a price-to-earnings-growth ratio of 1.15 and a beta of 0.76. 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 announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Wednesday, August 12th were given a $0.85 dividend. This is a boost from Welltower’s previous quarterly dividend of $0.74. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, August 12th. Welltower’s dividend payout ratio is 155.96%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on WELL shares. Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Cantor Fitzgerald lifted their price objective on Welltower from $235.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Wells Fargo & Company boosted their target price on Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Scotiabank cut their price target on shares of Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. 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 assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.11.
Get Our Latest Report on Welltower
About Welltower
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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