Czech National Bank grew its stake in shares of Welltower Inc. (NYSE:WELL – Free Report) by 5.7% during the second quarter, Holdings Channel reports. The institutional investor owned 200,930 shares of the real estate investment trust’s stock after acquiring an additional 10,900 shares during the period. Czech National Bank’s holdings in Welltower were worth $45,605,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Welltower during the 4th quarter valued at $5,466,264,000. Cardano Risk Management B.V. raised its stake in shares of Welltower by 955.3% in the 4th quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock worth $1,765,808,000 after buying an additional 8,612,016 shares in the last quarter. Capital World Investors raised its stake in shares of Welltower by 153.0% in the 4th quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock worth $1,994,290,000 after buying an additional 6,497,258 shares in the last quarter. Vanguard Group Inc. boosted its stake in Welltower by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock valued at $17,154,349,000 after buying an additional 2,643,088 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Welltower by 11.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,826,035 shares of the real estate investment trust’s stock valued at $3,123,082,000 after buying an additional 1,734,922 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Trading Down 0.6%
NYSE:WELL opened at $235.91 on Friday. The stock has a fifty day simple moving average of $225.82 and a 200 day simple moving average of $212.22. The firm has a market capitalization of $170.03 billion, a price-to-earnings ratio of 108.21, a price-to-earnings-growth ratio of 1.14 and a beta of 0.76. Welltower Inc. has a 1-year low of $161.26 and a 1-year high of $255.20. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.37.
Welltower Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th will be paid a dividend of $0.85 per share. This is an increase from Welltower’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $3.40 annualized dividend and a yield of 1.4%. Welltower’s dividend payout ratio (DPR) is presently 135.78%.
Analysts Set New Price Targets
Several brokerages have commented on WELL. Wells Fargo & Company boosted their price target on shares of Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Welltower from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. UBS Group increased their target price on shares of Welltower from $249.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Cantor Fitzgerald lifted their price target on shares of Welltower from $235.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Evercore reaffirmed an “outperform” rating and issued a $260.00 price target on shares of Welltower in a report on Thursday, July 30th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $246.11.
Check Out Our Latest Research Report on WELL
Welltower 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.
Featured Articles
- Five stocks we like better than Welltower
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
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.
