Headlands Technologies LLC acquired a new position in Welltower Inc. (NYSE:WELL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,005 shares of the real estate investment trust's stock, valued at approximately $883,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Townsquare Capital LLC lifted its holdings in shares of Welltower by 73.0% in the third quarter. Townsquare Capital LLC now owns 5,446 shares of the real estate investment trust's stock valued at $697,000 after buying an additional 2,298 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Welltower by 6.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 70,276 shares of the real estate investment trust's stock valued at $8,988,000 after acquiring an additional 4,470 shares during the last quarter. Atom Investors LP increased its stake in Welltower by 6.4% in the 3rd quarter. Atom Investors LP now owns 2,654 shares of the real estate investment trust's stock worth $340,000 after purchasing an additional 160 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Welltower by 35.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 19,722 shares of the real estate investment trust's stock worth $2,529,000 after buying an additional 5,132 shares during the period. Finally, HighTower Advisors LLC lifted its stake in Welltower by 30.4% during the third quarter. HighTower Advisors LLC now owns 87,588 shares of the real estate investment trust's stock valued at $11,232,000 after buying an additional 20,445 shares in the last quarter. Institutional investors own 94.80% of the company's stock.
Welltower Stock Performance
Welltower stock traded down $2.18 during trading hours on Monday, reaching $141.11. 1,915,021 shares of the company were exchanged, compared to its average volume of 2,831,224. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. The firm has a market cap of $91.50 billion, a price-to-earnings ratio of 89.95, a PEG ratio of 2.87 and a beta of 0.93. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $147.64 and a 200 day moving average of $136.41.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.90%. Welltower's dividend payout ratio (DPR) is presently 171.79%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Evercore ISI increased their target price on Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a report on Tuesday, March 4th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Wedbush raised shares of Welltower from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and lifted their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Mizuho raised their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus price target of $156.46.
View Our Latest Analysis on Welltower
About Welltower
(
Free Report)
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.
See Also
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
