Sequoia Financial Advisors LLC lessened its stake in Welltower Inc (NYSE:WELL) by 18.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,164 shares of the real estate investment trust’s stock after selling 961 shares during the period. Sequoia Financial Advisors LLC’s holdings in Welltower were worth $339,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. American Century Companies Inc. lifted its stake in shares of Welltower by 154.5% in the first quarter. American Century Companies Inc. now owns 3,020,615 shares of the real estate investment trust’s stock valued at $234,400,000 after buying an additional 1,833,933 shares during the period. Janus Henderson Group PLC lifted its stake in Welltower by 378.6% during the first quarter. Janus Henderson Group PLC now owns 1,941,356 shares of the real estate investment trust’s stock worth $150,651,000 after purchasing an additional 1,535,700 shares during the period. BlackRock Inc. lifted its stake in Welltower by 3.7% during the first quarter. BlackRock Inc. now owns 39,917,986 shares of the real estate investment trust’s stock worth $3,097,636,000 after purchasing an additional 1,414,802 shares during the period. Principal Financial Group Inc. lifted its stake in Welltower by 13.4% during the first quarter. Principal Financial Group Inc. now owns 8,719,318 shares of the real estate investment trust’s stock worth $676,620,000 after purchasing an additional 1,032,562 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Welltower by 12.2% during the fourth quarter. Geode Capital Management LLC now owns 6,232,214 shares of the real estate investment trust’s stock worth $432,262,000 after purchasing an additional 679,707 shares during the period. Institutional investors and hedge funds own 87.04% of the company’s stock.
Shares of NYSE:WELL traded down $0.51 during trading on Wednesday, reaching $87.34. The stock had a trading volume of 265,605 shares, compared to its average volume of 2,105,637. Welltower Inc has a 52 week low of $60.93 and a 52 week high of $88.87. The firm has a 50-day simple moving average of $84.41. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market cap of $35.78 billion, a PE ratio of 21.67, a PEG ratio of 4.58 and a beta of 0.29.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Wednesday, August 14th. Welltower’s dividend payout ratio (DPR) is currently 86.35%.
A number of research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Welltower from $83.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets restated a “buy” rating and set a $86.00 price target on shares of Welltower in a research note on Monday, August 5th. Stifel Nicolaus raised their price target on shares of Welltower from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Scotiabank set a $80.00 price target on shares of Welltower and gave the stock a “hold” rating in a research note on Friday, June 14th. Finally, Raymond James cut shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 price target for the company. in a research note on Thursday, June 13th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Welltower currently has an average rating of “Buy” and a consensus target price of $79.84.
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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