MUFG Securities EMEA plc increased its position in shares of Welltower Inc. (NYSE:WELL – Free Report) by 119.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,136 shares of the real estate investment trust’s stock after buying an additional 15,334 shares during the quarter. MUFG Securities EMEA plc’s holdings in Welltower were worth $5,222,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Texas Yale Capital Corp. grew its position in Welltower by 4.4% during the fourth quarter. Texas Yale Capital Corp. now owns 6,265 shares of the real estate investment trust’s stock worth $1,163,000 after buying an additional 263 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Welltower by 1.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 384,545 shares of the real estate investment trust’s stock worth $71,375,000 after buying an additional 4,386 shares in the last quarter. BNP Paribas Financial Markets grew its position in Welltower by 36.3% during the fourth quarter. BNP Paribas Financial Markets now owns 1,081,882 shares of the real estate investment trust’s stock worth $200,808,000 after buying an additional 287,921 shares in the last quarter. Holderness Investments Co. grew its position in Welltower by 5.1% during the fourth quarter. Holderness Investments Co. now owns 1,237 shares of the real estate investment trust’s stock worth $230,000 after buying an additional 60 shares in the last quarter. Finally, WASHINGTON TRUST Co acquired a new stake in Welltower during the fourth quarter worth about $305,000. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Stock Up 0.4%
NYSE WELL opened at $206.11 on Monday. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average is $208.54 and its two-hundred day moving average is $200.71. The company has a market capitalization of $145.49 billion, a price-to-earnings ratio of 102.03, a PEG ratio of 1.06 and a beta of 0.79. Welltower Inc. has a 1-year low of $148.60 and a 1-year high of $221.68.
Welltower Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were paid a $0.74 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s payout ratio is 146.53%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Morgan Stanley lifted their target price on Welltower from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Mizuho set a $239.00 price objective on Welltower in a report on Friday, May 22nd. Jefferies Financial Group lifted their price objective on Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald lifted their price objective on Welltower from $204.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Wells Fargo & Company lifted their price objective on Welltower from $218.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus target price of $231.00.
View Our Latest Stock Report 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.
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