Prudential PLC lessened its stake in shares of Welltower Inc. (NYSE:WELL – Free Report) by 13.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 171,108 shares of the real estate investment trust’s stock after selling 25,754 shares during the period. Prudential PLC’s holdings in Welltower were worth $31,759,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Argent Advisors Inc. boosted its position in shares of Welltower by 14.0% during the 4th quarter. Argent Advisors Inc. now owns 1,384 shares of the real estate investment trust’s stock worth $257,000 after purchasing an additional 170 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Welltower by 27.3% during the 4th quarter. Vise Technologies Inc. now owns 42,890 shares of the real estate investment trust’s stock worth $7,961,000 after purchasing an additional 9,198 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Welltower by 2.6% during the 4th quarter. Continuum Advisory LLC now owns 6,084 shares of the real estate investment trust’s stock worth $1,129,000 after purchasing an additional 152 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Welltower by 289.2% during the 4th quarter. TD Asset Management Inc now owns 932,124 shares of the real estate investment trust’s stock worth $173,012,000 after purchasing an additional 692,609 shares in the last quarter. Finally, Cibc World Market Inc. boosted its position in shares of Welltower by 8.6% during the 4th quarter. Cibc World Market Inc. now owns 305,886 shares of the real estate investment trust’s stock worth $56,776,000 after purchasing an additional 24,125 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.
Welltower Price Performance
Welltower stock opened at $200.52 on Friday. Welltower Inc. has a 52 week low of $148.60 and a 52 week high of $221.68. The company’s 50 day moving average price is $208.55 and its two-hundred day moving average price is $200.88. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40. The stock has a market cap of $141.55 billion, a P/E ratio of 99.27, a P/E/G ratio of 1.03 and a beta of 0.79.
Welltower Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.74 per share. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. Welltower’s dividend payout ratio (DPR) is presently 146.53%.
Wall Street Analysts Forecast Growth
WELL has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price objective on shares of Welltower from $230.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Welltower from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. KeyCorp raised their price target on shares of Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Citigroup raised their price target on shares of Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, UBS Group raised their price target on shares of Welltower from $240.00 to $249.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $231.60.
Check Out Our Latest Stock Analysis 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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