Ieq Capital LLC acquired a new position in Welltower Inc. (NYSE:WELL – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,504 shares of the real estate investment trust’s stock, valued at approximately $1,476,000.
A number of other hedge funds have also bought and sold shares of WELL. Leonteq Securities AG grew its stake in shares of 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 acquiring an additional 60 shares during the period. Sound Income Strategies LLC lifted its position in Welltower by 124.6% during the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares during the period. Kilter Group LLC bought a new position in Welltower during the second quarter valued at approximately $29,000. Swiss RE Ltd. purchased a new stake in Welltower in the fourth quarter worth approximately $29,000. Finally, Quarry LP purchased a new stake in Welltower in the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.
Welltower Stock Up 0.3%
WELL opened at $241.81 on Thursday. 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 Inc. has a 1-year low of $163.75 and a 1-year high of $255.20. The company has a market capitalization of $174.28 billion, a PE ratio of 110.92, a PEG ratio of 1.15 and a beta of 0.76. The firm’s 50 day simple moving average is $234.27 and its two-hundred day simple moving average is $217.15.
Welltower Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were given a $0.85 dividend. The ex-dividend date was Wednesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.74. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s dividend payout ratio (DPR) is currently 155.96%.
Analyst Upgrades and Downgrades
A number of research firms have commented on WELL. Jefferies Financial Group lifted their target price on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. 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 objective for the company. Finally, Weiss Ratings downgraded Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $246.11.
Get Our Latest Stock 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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