3 days Ago By ABMN Staff
Meeder Asset Management Inc. purchased a new stake in Welltower Inc. ( NYSE:WELL – Free Report ) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The fund purchased 283 shares of the real estate investment trust’s stock, valued at approximately $30,000. Several other institutional investors and hedge funds have also bought and sold shares of WELL. Nomura Holdings Inc.
acquired a new position in shares of Welltower in the 4th quarter valued at approximately $8,857,000. Connors Investor Services Inc. raised its position in Welltower by 10.
6% during the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock valued at $10,999,000 after purchasing an additional 11,238 shares in the last quarter.
Nordea Investment Management AB lifted its stake in Welltower by 88.1% during the first quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock worth $104,072,000 after purchasing an additional 523,656 shares during the last quarter.
TCW Group Inc. boosted its holdings in shares of Welltower by 26.6% in the 4th quarter.
TCW Group Inc. now owns 89,564 shares of the real estate investment trust’s stock valued at $8,085,000 after purchasing an additional 18,807 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Welltower by 7.
7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock valued at $91,955,000 after purchasing an additional 72,968 shares during the last quarter. Institutional investors own 94.
80% of the company’s stock. Wall Street Analysts Forecast Growth Several analysts recently weighed in on the company. Scotiabank upped their price objective on Welltower from $116.
00 to $121.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley boosted their target price on Welltower from $103.
00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. KeyCorp boosted their target price on Welltower from $95.
00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 2nd. StockNews.
com raised Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Wolfe Research raised Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock.
According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $111.71. Welltower Stock Performance Welltower stock opened at $129.
75 on Monday. The business has a 50 day moving average of $115.29 and a 200-day moving average of $103.
55. Welltower Inc. has a 1 year low of $78.
38 and a 1 year high of $129.87. The company has a debt-to-equity ratio of 0.
47, a current ratio of 4.07 and a quick ratio of 4.07.
The company has a market capitalization of $79.04 billion, a P/E ratio of 160.19, a P/E/G ratio of 2.
97 and a beta of 1.21. Welltower ( NYSE:WELL – Get Free Report ) last announced its earnings results on Monday, July 29th.
The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.
08. Welltower had a return on equity of 2.21% and a net margin of 8.
36%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.
89 billion. During the same period in the prior year, the business posted $0.90 earnings per share.
The firm’s revenue was up 9.6% on a year-over-year basis. On average, equities research analysts predict that Welltower Inc.
will post 4.19 earnings per share for the current year. Welltower Increases Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st.
Investors of record on Monday, August 12th were issued a $0.67 dividend. The ex-dividend date was Monday, August 12th.
This is a boost from Welltower’s previous quarterly dividend of $0.61. This represents a $2.
68 annualized dividend and a yield of 2.07%. Welltower’s dividend payout ratio is presently 330.
86%. About Welltower ( Free Report ) Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
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