IFM Investors Pty Ltd grew its stake in Welltower Inc. (NYSE:WELL – Free Report) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,190 shares of the real estate investment trust’s stock after buying an additional 10,223 shares during the quarter. IFM Investors Pty Ltd’s holdings in Welltower were worth $49,860,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Benchmark Investment Advisors LLC purchased a new stake in shares of Welltower in the third quarter worth $901,000. AIA Group Ltd lifted its stake in shares of Welltower by 53.8% during the 3rd quarter. AIA Group Ltd now owns 24,000 shares of the real estate investment trust’s stock valued at $4,275,000 after buying an additional 8,400 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Welltower by 12.7% in the 3rd quarter. Van ECK Associates Corp now owns 359,093 shares of the real estate investment trust’s stock worth $63,969,000 after buying an additional 40,360 shares during the period. Nordea Investment Management AB boosted its holdings in Welltower by 11.8% in the 4th quarter. Nordea Investment Management AB now owns 1,930,894 shares of the real estate investment trust’s stock worth $358,915,000 after buying an additional 204,317 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Welltower by 30.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 195,052 shares of the real estate investment trust’s stock worth $36,214,000 after buying an additional 45,214 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.
Welltower Stock Performance
Shares of NYSE WELL opened at $227.12 on Wednesday. The company has a market cap of $160.33 billion, a P/E ratio of 112.44, a P/E/G ratio of 1.18 and a beta of 0.79. Welltower Inc. has a 52-week low of $148.97 and a 52-week high of $230.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.31 and a current ratio of 4.31. The firm’s fifty day moving average is $212.45 and its two-hundred day moving average is $202.51.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a yield of 1.3%. Welltower’s dividend payout ratio is presently 146.53%.
Analyst Ratings Changes
WELL has been the topic of a number of recent analyst reports. Raymond James Financial started coverage on Welltower in a report on Tuesday, June 16th. They set an “outperform” rating and a $226.00 price target on the stock. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Jefferies Financial Group increased their target price on Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Wells Fargo & Company lifted their target price on Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Weiss Ratings cut Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.25.
Read Our Latest 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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