Bank of New York Mellon Corp increased its holdings in Welltower Inc. (NYSE:WELL – Get Rating) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,101,952 shares of the real estate investment trust’s stock after buying an additional 38,632 shares during the period. Bank of New York Mellon Corp owned 0.87% of Welltower worth $263,836,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Covestor Ltd lifted its stake in Welltower by 97.4% in the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 147 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Welltower in the 3rd quarter worth approximately $32,000. HM Payson & Co. lifted its stake in Welltower by 200.0% in the 3rd quarter. HM Payson & Co. now owns 600 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 400 shares in the last quarter. CI Investments Inc. lifted its stake in Welltower by 985.7% in the 3rd quarter. CI Investments Inc. now owns 608 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 552 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC purchased a new stake in Welltower in the 3rd quarter worth approximately $42,000. 95.78% of the stock is owned by institutional investors.
Analyst Ratings Changes
WELL has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Welltower in a research note on Thursday. They issued a “sell” rating on the stock. Barclays raised their price objective on shares of Welltower from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 17th. Evercore ISI cut shares of Welltower from an “outperform” rating to an “in-line” rating and set a $72.00 price objective on the stock. in a research report on Monday, November 21st. Raymond James upgraded shares of Welltower from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $72.00 to $82.00 in a research report on Monday, January 9th. Finally, Mizuho lowered their price objective on shares of Welltower from $93.00 to $91.00 in a research report on Friday, December 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average target price of $82.56.
Welltower Price Performance
Welltower Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 8th. Shareholders of record on Tuesday, February 28th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Monday, February 27th. Welltower’s payout ratio is 762.52%.
Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.
- Get a free copy of the StockNews.com research report on Welltower (WELL)
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