B. Metzler seel. Sohn & Co. AG grew its position in Welltower Inc. (NYSE:WELL – Free Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,627 shares of the real estate investment trust’s stock after purchasing an additional 2,679 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Welltower were worth $6,613,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Hager Investment Management Services LLC increased its position in Welltower by 84.4% in the 3rd 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 during the last quarter. Marquette Asset Management LLC increased its position in Welltower by 62.8% in the 4th quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 59 shares during the last quarter. Financial Consulate Inc. acquired a new position in Welltower in the 4th quarter worth about $34,000. Quarry LP acquired a new position in Welltower in the 3rd quarter worth about $33,000. Finally, MMA Asset Management LLC acquired a new position in Welltower in the 3rd quarter worth about $35,000. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Stock Performance
WELL opened at $208.37 on Friday. The company has a market cap of $146.81 billion, a PE ratio of 148.84, a price-to-earnings-growth ratio of 1.37 and a beta of 0.83. The stock has a 50-day moving average of $205.63 and a 200-day moving average of $194.19. Welltower Inc. has a 52-week low of $142.65 and a 52-week high of $216.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.46 and a current ratio of 3.46.
Welltower Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Welltower’s payout ratio is currently 211.43%.
Analyst Ratings Changes
WELL has been the subject of several recent analyst reports. Weiss Ratings downgraded Welltower from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Mizuho upped their price target on Welltower from $216.00 to $231.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. Citigroup upped their price target on Welltower from $215.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Wells Fargo & Company upped their price target on Welltower from $218.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, March 26th. Finally, UBS Group set a $240.00 price target on Welltower in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $225.43.
Read Our Latest Analysis on WELL
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.
Further Reading
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