HRT Financial LP grew its stake in shares of Welltower Inc. (NYSE:WELL – Free Report) by 327.7% in the 2nd quarter, Holdings Channel reports. The firm owned 712,929 shares of the real estate investment trust’s stock after acquiring an additional 546,225 shares during the quarter. Welltower comprises approximately 0.5% of HRT Financial LP’s holdings, making the stock its 21st biggest position. HRT Financial LP’s holdings in Welltower were worth $109,598,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in WELL. Norges Bank bought a new position in Welltower during the 2nd quarter worth $4,903,554,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Welltower by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock valued at $1,367,226,000 after acquiring an additional 2,622,384 shares during the period. Wellington Management Group LLP grew its position in shares of Welltower by 14.0% during the first quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock worth $3,261,792,000 after acquiring an additional 2,614,562 shares during the last quarter. State Street Corp increased its holdings in shares of Welltower by 4.6% in the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after acquiring an additional 1,740,196 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Welltower by 55.6% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock worth $461,660,000 after acquiring an additional 1,076,293 shares during the period. Institutional investors own 94.80% of the company’s stock.
Welltower Price Performance
NYSE WELL opened at $186.54 on Friday. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. Welltower Inc. has a 1 year low of $123.11 and a 1 year high of $209.05. The company has a market cap of $128.03 billion, a PE ratio of 128.65, a PEG ratio of 1.47 and a beta of 0.84. The stock’s 50-day moving average price is $187.54 and its two-hundred day moving average price is $170.59.
Welltower Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, November 10th. Welltower’s dividend payout ratio is currently 204.14%.
Wall Street Analysts Forecast Growth
Several research firms have commented on WELL. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Morgan Stanley lifted their price target on Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. National Bankshares set a $246.00 price objective on Welltower in a report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research note on Monday. Finally, UBS Group boosted their price target on shares of Welltower from $203.00 to $232.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $195.87.
Read Our Latest Report on Welltower
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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