State of Wisconsin Investment Board lifted its holdings in Welltower Inc. (NYSE:WELL – Free Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 346,803 shares of the real estate investment trust’s stock after acquiring an additional 3,335 shares during the quarter. State of Wisconsin Investment Board’s holdings in Welltower were worth $64,370,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WELL. Norges Bank acquired a new stake in shares of Welltower in the fourth quarter worth $5,466,264,000. Cardano Risk Management B.V. increased its stake in shares of Welltower by 955.3% in the fourth quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock worth $1,765,808,000 after acquiring an additional 8,612,016 shares during the period. Capital World Investors increased its stake in shares of Welltower by 153.0% in the fourth quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock worth $1,994,290,000 after acquiring an additional 6,497,258 shares during the period. Vanguard Group Inc. increased its stake in shares of Welltower by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock worth $17,154,349,000 after acquiring an additional 2,643,088 shares during the period. Finally, Capital International Investors increased its stake in shares of Welltower by 4.1% in the third quarter. Capital International Investors now owns 46,516,255 shares of the real estate investment trust’s stock worth $8,285,296,000 after acquiring an additional 1,842,934 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Stock Up 0.5%
WELL stock opened at $213.82 on Wednesday. The firm has a market cap of $150.94 billion, a PE ratio of 105.85, a P/E/G ratio of 1.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.31 and a current ratio of 4.31. The firm’s fifty day moving average is $210.41 and its 200 day moving average is $201.40. Welltower Inc. has a one year low of $148.97 and a one year high of $221.68.
Welltower Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 13th. Welltower’s dividend payout ratio (DPR) is presently 146.53%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on WELL. Raymond James Financial set a $226.00 price objective on shares of Welltower in a research note on Tuesday. BMO Capital Markets restated an “outperform” rating and set a $245.00 price target on shares of Welltower in a research report on Monday, May 4th. Scotiabank raised their price target on shares of Welltower from $236.00 to $248.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. 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. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $238.00 price target on shares of Welltower in a research report on Monday. One research 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. According to MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $231.25.
Read Our Latest Research 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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