Parallel Advisors LLC grew its position in shares of Welltower Inc (NYSE:WELL) by 24.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,347 shares of the real estate investment trust’s stock after purchasing an additional 464 shares during the period. Parallel Advisors LLC’s holdings in Welltower were worth $213,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Welltower by 3.1% during the second quarter. Vanguard Group Inc. now owns 51,909,429 shares of the real estate investment trust’s stock worth $4,232,177,000 after purchasing an additional 1,565,217 shares in the last quarter. BlackRock Inc. lifted its stake in Welltower by 3.2% during the second quarter. BlackRock Inc. now owns 41,193,851 shares of the real estate investment trust’s stock worth $3,358,533,000 after purchasing an additional 1,275,865 shares in the last quarter. Cohen & Steers Inc. lifted its stake in Welltower by 2.1% during the second quarter. Cohen & Steers Inc. now owns 26,084,911 shares of the real estate investment trust’s stock worth $2,126,703,000 after purchasing an additional 548,699 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Welltower by 0.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,231,821 shares of the real estate investment trust’s stock worth $589,611,000 after purchasing an additional 47,340 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Welltower by 9.4% during the second quarter. Northern Trust Corp now owns 6,977,088 shares of the real estate investment trust’s stock worth $568,842,000 after purchasing an additional 596,955 shares in the last quarter. Institutional investors own 89.18% of the company’s stock.
Shares of NYSE WELL traded down $0.37 during mid-day trading on Friday, hitting $82.88. The company had a trading volume of 1,621,318 shares, compared to its average volume of 2,064,110. The company has a market capitalization of $34.67 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 4.58 and a beta of 0.18. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.85 and a quick ratio of 1.85. Welltower Inc has a 1-year low of $65.94 and a 1-year high of $93.17. The business’s 50-day simple moving average is $89.85 and its 200 day simple moving average is $84.97.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, November 12th. Welltower’s dividend payout ratio is presently 86.35%.
A number of research analysts have commented on the company. Barclays cut Welltower from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $88.00 to $93.00 in a research note on Tuesday, October 1st. They noted that the move was a valuation call. BMO Capital Markets restated a “buy” rating and set a $86.00 price target on shares of Welltower in a research note on Monday, August 5th. Stifel Nicolaus upped their price target on Welltower from $87.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Wood & Company reiterated an “average” rating on shares of Welltower in a research note on Thursday, August 22nd. Finally, Morgan Stanley increased their price objective on Welltower from $91.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, September 17th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Welltower has a consensus rating of “Hold” and an average target price of $82.66.
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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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