Czech National Bank boosted its holdings in Welltower Inc. (NYSE:WELL – Free Report) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,930 shares of the real estate investment trust’s stock after purchasing an additional 10,900 shares during the quarter. Czech National Bank’s holdings in Welltower were worth $45,605,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. PensionDanmark Pensionsforsikringsaktieselskab lifted its position in shares of Welltower by 7.3% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 106,240 shares of the real estate investment trust’s stock worth $24,113,000 after buying an additional 7,221 shares during the last quarter. Foster Group Inc. raised its stake in Welltower by 5.7% during the second quarter. Foster Group Inc. now owns 2,194 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 118 shares during the period. Quad Cities Investment Group LLC bought a new position in Welltower in the second quarter worth about $207,000. Balefire LLC acquired a new position in Welltower in the second quarter valued at approximately $277,000. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of Welltower by 5.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 1,541 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.
Welltower Stock Performance
Shares of NYSE WELL opened at $235.91 on Friday. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $225.82 and a 200-day simple moving average of $212.22. The company has a market cap of $170.03 billion, a PE ratio of 108.21, a P/E/G ratio of 1.14 and a beta of 0.76. Welltower Inc. has a 12-month low of $161.26 and a 12-month high of $255.20.
Welltower Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Wednesday, August 12th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.74. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. Welltower’s dividend payout ratio (DPR) is currently 135.78%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Raymond James Financial started coverage on Welltower in a research report on Tuesday, June 16th. They set an “outperform” rating and a $226.00 price target on the stock. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Barclays started coverage on shares of Welltower in a report on Tuesday, July 7th. They set an “equal weight” rating and a $254.00 price target for the company. Finally, Citigroup upped their price target on shares of Welltower from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.11.
Check Out Our Latest Research 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.
Further Reading
- Five stocks we like better than Welltower
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.
