ING Groep NV decreased its holdings in shares of Welltower Inc. (NYSE:WELL – Free Report) by 85.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,346 shares of the real estate investment trust’s stock after selling 32,466 shares during the quarter. ING Groep NV’s holdings in Welltower were worth $992,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Welltower by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock worth $17,154,349,000 after buying an additional 2,643,088 shares during the period. Capital International Investors boosted its holdings in shares of Welltower by 2.0% during the 4th quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust’s stock worth $8,805,411,000 after buying an additional 915,514 shares during the period. State Street Corp boosted its holdings in shares of Welltower by 4.1% during the 3rd quarter. State Street Corp now owns 41,253,954 shares of the real estate investment trust’s stock worth $7,348,979,000 after buying an additional 1,637,665 shares during the period. Norges Bank bought a new stake in shares of Welltower during the 4th quarter worth $5,466,264,000. Finally, Bank of America Corp DE boosted its holdings in shares of Welltower by 1.9% during the 3rd quarter. Bank of America Corp DE now owns 19,378,590 shares of the real estate investment trust’s stock worth $3,452,102,000 after buying an additional 367,463 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Price Performance
Shares of Welltower stock opened at $211.70 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31. Welltower Inc. has a fifty-two week low of $148.70 and a fifty-two week high of $221.68. The firm has a fifty day moving average price of $209.40 and a two-hundred day moving average price of $201.13. The company has a market cap of $149.44 billion, a PE ratio of 104.80, a price-to-earnings-growth ratio of 1.07 and a beta of 0.79.
Welltower Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a yield of 1.4%. Welltower’s dividend payout ratio is 146.53%.
Analyst Ratings Changes
WELL has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Welltower from $240.00 to $249.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Royal Bank Of Canada upped their price objective on shares of Welltower from $230.00 to $238.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Morgan Stanley upped their price objective on shares of Welltower from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Weiss Ratings raised shares of Welltower from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Welltower in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $231.60.
Read Our Latest Stock Analysis 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.
Read More
- Five stocks we like better than Welltower
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL – Free Report).
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.
