Allspring Global Investments Holdings LLC boosted its position in Welltower Inc. (NYSE:WELL – Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,137 shares of the real estate investment trust’s stock after purchasing an additional 3,911 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Welltower were worth $10,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of WELL. Hager Investment Management Services LLC grew its stake in Welltower by 84.4% in the third quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Quarry LP bought a new stake in Welltower during the 3rd quarter valued at $33,000. MMA Asset Management LLC purchased a new stake in shares of Welltower in the 3rd quarter worth $35,000. Global Wealth Strategies & Associates purchased a new stake in shares of Welltower in the 3rd quarter worth $36,000. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Welltower by 39.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.
Welltower Trading Down 0.1%
Shares of NYSE:WELL opened at $202.19 on Monday. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.45. Welltower Inc. has a 52-week low of $130.29 and a 52-week high of $216.43. The stock has a market cap of $141.08 billion, a price-to-earnings ratio of 144.42, a PEG ratio of 1.38 and a beta of 0.83. The business has a 50-day moving average price of $201.41 and a 200-day moving average price of $191.12.
Welltower Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, February 25th. This represents a $2.96 dividend on an annualized basis and a yield of 1.5%. Welltower’s payout ratio is presently 211.43%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on WELL shares. Citigroup raised their target price on shares of Welltower from $215.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $231.00 price target on shares of Welltower in a research report on Monday, December 15th. Scotiabank increased their price objective on shares of Welltower from $214.00 to $236.00 and gave the company a “sector outperform” rating in a research note on Monday, March 2nd. UBS Group set a $240.00 price objective on shares of Welltower in a report on Thursday, February 12th. Finally, Wells Fargo & Company upped their target price on Welltower from $218.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.43.
Get Our Latest Stock Report on WELL
About Welltower
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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