Candriam S.C.A. decreased its position in shares of Welltower Inc. (NYSE:WELL – Free Report) by 13.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,844 shares of the real estate investment trust’s stock after selling 48,517 shares during the quarter. Candriam S.C.A.’s holdings in Welltower were worth $60,073,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of WELL. Leonteq Securities AG boosted its position in Welltower by 92.3% during the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 60 shares in the last quarter. Sound Income Strategies LLC increased its position 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 valued at $27,000 after buying an additional 76 shares in the last quarter. Marquette Asset Management LLC increased its position in shares of 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 buying an additional 59 shares in the last quarter. Swiss RE Ltd. acquired a new position in shares of Welltower during the 4th quarter worth $29,000. Finally, Financial Consulate Inc. acquired a new position in shares of Welltower during the 4th quarter worth $34,000. 94.80% of the stock is owned by hedge funds and other institutional investors.
Welltower Price Performance
WELL stock opened at $231.32 on Friday. Welltower Inc. has a 52-week low of $151.92 and a 52-week high of $239.10. The stock’s fifty day simple moving average is $216.45 and its 200-day simple moving average is $204.97. 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 capitalization of $163.29 billion, a price-to-earnings ratio of 114.52, a price-to-earnings-growth ratio of 1.14 and a beta of 0.77.
Welltower Announces Dividend
The business also recently disclosed 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 of this dividend was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.3%. Welltower’s dividend payout ratio is currently 146.53%.
Analyst Ratings Changes
A number of brokerages recently commented on WELL. Weiss Ratings cut shares of Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Wells Fargo & Company upped their price target on shares of Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Jefferies Financial Group raised their price objective on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $238.00 target price on shares of Welltower in a research note on Monday, June 15th. Finally, UBS Group increased their target price on Welltower from $249.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.72.
View Our Latest Stock Analysis on WELL
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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