Assenagon Asset Management S.A. Buys 10,696 Shares of Welltower Inc. (NYSE:WELL)

Assenagon Asset Management S.A. lifted its holdings in Welltower Inc. (NYSE:WELLGet Rating) by 152.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,696 shares of the real estate investment trust’s stock after purchasing an additional 10,696 shares during the period. Assenagon Asset Management S.A.’s holdings in Welltower were worth $1,138,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC increased its stake in shares of Welltower by 50.4% in the second quarter. Los Angeles Capital Management LLC now owns 13,707 shares of the real estate investment trust’s stock worth $1,129,000 after purchasing an additional 4,596 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Welltower by 7.7% in the second quarter. Oppenheimer & Co. Inc. now owns 30,054 shares of the real estate investment trust’s stock worth $2,475,000 after purchasing an additional 2,145 shares during the period. Swiss National Bank increased its stake in shares of Welltower by 2.9% in the second quarter. Swiss National Bank now owns 1,940,280 shares of the real estate investment trust’s stock worth $159,782,000 after purchasing an additional 55,000 shares during the period. Benson Investment Management Company Inc. bought a new position in shares of Welltower in the third quarter worth about $2,809,000. Finally, Strategy Asset Managers LLC bought a new position in shares of Welltower in the third quarter worth about $355,000. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WELL shares. Credit Suisse Group dropped their price objective on Welltower from $100.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 1st. Morgan Stanley lifted their target price on Welltower from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 15th. Barclays decreased their target price on Welltower from $92.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, October 21st. Robert W. Baird downgraded Welltower from an “outperform” rating to a “neutral” rating and set a $66.00 target price on the stock. in a research report on Monday, October 10th. Finally, Royal Bank of Canada decreased their target price on Welltower from $96.00 to $79.00 and set an “outperform” rating on the stock in a research report on Thursday, October 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $82.31.

Welltower Stock Down 1.3 %

Shares of WELL opened at $71.15 on Friday. The company has a market capitalization of $33.62 billion, a P/E ratio of 154.68, a PEG ratio of 4.16 and a beta of 1.02. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.11 and a quick ratio of 2.11. Welltower Inc. has a one year low of $56.50 and a one year high of $99.43. The business’s 50 day simple moving average is $67.59 and its 200-day simple moving average is $71.36.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Friday, November 18th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, November 17th. Welltower’s payout ratio is currently 530.45%.

Welltower Profile

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Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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