BROOKFIELD Corp ON boosted its position in Welltower Inc. (NYSE:WELL – Free Report) by 3.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 307,019 shares of the real estate investment trust’s stock after acquiring an additional 8,888 shares during the quarter. BROOKFIELD Corp ON’s holdings in Welltower were worth $60,701,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Leonteq Securities AG grew its stake in shares of Welltower by 92.3% during the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 60 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Welltower by 124.6% in the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Marquette Asset Management LLC boosted its holdings in Welltower by 62.8% in the fourth quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 59 shares during the last quarter. Swiss RE Ltd. acquired a new stake in Welltower during the 4th quarter valued at approximately $29,000. Finally, Quarry LP purchased a new stake in Welltower during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Stock Performance
Shares of WELL stock opened at $252.50 on Monday. 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 business has a 50 day moving average of $221.76 and a two-hundred day moving average of $209.01. Welltower Inc. has a 52 week low of $158.24 and a 52 week high of $252.94. The company has a market cap of $178.24 billion, a P/E ratio of 125.00, a PEG ratio of 1.24 and a beta of 0.77.
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, May 13th. Welltower’s dividend payout ratio is presently 146.53%.
Analyst Ratings Changes
A number of equities analysts have issued reports on WELL shares. Wells Fargo & Company upped their target price on Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Jefferies Financial Group increased their price objective on shares of Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Mizuho boosted their target price on shares of Welltower from $239.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Citigroup upped their target price on shares of Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $235.89.
Check Out Our Latest Research Report on Welltower
Welltower Company 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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