Weybosset Research & Management LLC decreased its holdings in Welltower Inc. (NYSE:WELL – Free Report) by 41.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,500 shares of the real estate investment trust’s stock after selling 1,800 shares during the quarter. Weybosset Research & Management LLC’s holdings in Welltower were worth $202,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pacific Sun Financial Corp purchased a new position in shares of Welltower in the second quarter valued at approximately $519,000. Brookstone Capital Management lifted its stake in Welltower by 1.8% in the second quarter. Brookstone Capital Management now owns 17,312 shares of the real estate investment trust’s stock worth $1,382,000 after acquiring an additional 310 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in Welltower by 2.0% in the second quarter. Maryland State Retirement & Pension System now owns 37,946 shares of the real estate investment trust’s stock worth $3,069,000 after acquiring an additional 746 shares during the last quarter. Good Life Advisors LLC lifted its stake in Welltower by 14.9% in the second quarter. Good Life Advisors LLC now owns 5,019 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 651 shares during the last quarter. Finally, Czech National Bank lifted its stake in Welltower by 5.7% in the second quarter. Czech National Bank now owns 58,852 shares of the real estate investment trust’s stock worth $4,761,000 after acquiring an additional 3,186 shares during the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on WELL. Barclays lifted their price target on shares of Welltower from $82.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Raymond James downgraded shares of Welltower from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $82.00 to $90.00 in a research report on Friday, June 23rd. Mizuho boosted their price objective on shares of Welltower from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Finally, Royal Bank of Canada boosted their price objective on shares of Welltower from $87.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.25.
Welltower Stock Performance
Shares of WELL opened at $84.80 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.12 and a current ratio of 3.12. The stock has a market capitalization of $43.99 billion, a P/E ratio of 368.71, a P/E/G ratio of 3.03 and a beta of 1.05. The company’s fifty day moving average is $82.28 and its two-hundred day moving average is $77.98. Welltower Inc. has a 1 year low of $56.50 and a 1 year high of $86.39.
Welltower Dividend Announcement
The business also recently announced 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. The ex-dividend date was Monday, August 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.88%. Welltower’s payout ratio is currently 1,060.92%.
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.
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