Pacer Advisors Inc. lifted its stake in Welltower Inc. (NYSE:WELL – Free Report) by 10.0% in the fourth quarter, HoldingsChannel reports. The fund owned 58,697 shares of the real estate investment trust’s stock after purchasing an additional 5,344 shares during the quarter. Pacer Advisors Inc.’s holdings in Welltower were worth $10,895,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Hager Investment Management Services LLC lifted its stake in shares of Welltower by 84.4% in the 3rd quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 65 shares during the period. Marquette Asset Management LLC lifted its stake in shares of Welltower by 62.8% in the 4th quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 59 shares during the period. Quarry LP acquired a new stake in shares of Welltower in the 3rd quarter worth approximately $33,000. Financial Consulate Inc. acquired a new stake in shares of Welltower in the 4th quarter worth approximately $34,000. Finally, MMA Asset Management LLC acquired a new stake in shares of Welltower in the 3rd quarter worth approximately $35,000. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Stock Up 1.2%
WELL stock opened at $220.09 on Thursday. Welltower Inc. has a 52-week low of $142.65 and a 52-week high of $221.68. The company’s 50 day simple moving average is $206.82 and its 200-day simple moving average is $198.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31. The firm has a market capitalization of $155.36 billion, a P/E ratio of 108.96, a P/E/G ratio of 1.13 and a beta of 0.83.
Welltower Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.3%. Welltower’s payout ratio is currently 146.53%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup boosted their target price on shares of Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $245.00 target price on shares of Welltower in a report on Monday, May 4th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, UBS Group boosted their target price on shares of Welltower from $240.00 to $249.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average price target of $229.67.
View Our Latest Analysis 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.
Read More
- Five stocks we like better than Welltower
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
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.
