Welltower Inc. (NYSE:WELL) Shares Acquired by National Pension Service

National Pension Service grew its holdings in Welltower Inc. (NYSE:WELL) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 856,779 shares of the real estate investment trust’s stock after buying an additional 32,420 shares during the quarter. National Pension Service owned about 0.17% of Welltower worth $60,788,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cresset Asset Management LLC raised its holdings in Welltower by 2.5% during the first quarter. Cresset Asset Management LLC now owns 5,044 shares of the real estate investment trust’s stock worth $485,000 after purchasing an additional 125 shares during the last quarter. Dai Ichi Life Insurance Company Ltd raised its holdings in Welltower by 0.4% during the first quarter. Dai Ichi Life Insurance Company Ltd now owns 33,012 shares of the real estate investment trust’s stock worth $3,174,000 after purchasing an additional 125 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its holdings in Welltower by 1.1% during the first quarter. Meiji Yasuda Life Insurance Co now owns 11,573 shares of the real estate investment trust’s stock worth $1,113,000 after purchasing an additional 130 shares during the last quarter. Parallel Advisors LLC increased its position in Welltower by 8.7% during the first quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 136 shares in the last quarter. Finally, Lido Advisors LLC increased its position in Welltower by 2.0% during the first quarter. Lido Advisors LLC now owns 7,155 shares of the real estate investment trust’s stock worth $687,000 after buying an additional 137 shares in the last quarter. 91.61% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

WELL stock opened at $82.91 on Thursday. The stock has a 50-day moving average price of $81.59 and a two-hundred day moving average price of $77.37. Welltower Inc. has a 12-month low of $56.50 and a 12-month high of $86.39. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.73. The company has a market cap of $43.01 billion, a PE ratio of 360.49, a price-to-earnings-growth ratio of 2.92 and a beta of 1.06.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Tuesday, August 15th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Monday, August 14th. Welltower’s dividend payout ratio (DPR) is presently 1,060.92%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WELL shares. Wells Fargo & Company raised their price target on Welltower from $89.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Barclays raised their price target on Welltower from $82.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Mizuho dropped their price target on Welltower from $91.00 to $86.00 in a research report on Tuesday, May 30th. Raymond James downgraded Welltower from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $82.00 to $90.00 in a research report on Friday, June 23rd. Finally, Royal Bank of Canada raised their price target on Welltower from $87.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $82.92.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.