Cibc World Markets Corp lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 377.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 189,889 shares of the real estate investment trust’s stock after buying an additional 150,094 shares during the quarter. Cibc World Markets Corp’s holdings in Welltower were worth $15,780,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in WELL. Perkins Coie Trust Co purchased a new position in Welltower in the second quarter valued at about $25,000. SRS Capital Advisors Inc. purchased a new position in shares of Welltower during the 2nd quarter worth approximately $29,000. FFT Wealth Management LLC purchased a new position in shares of Welltower during the 2nd quarter worth approximately $36,000. tru Independence LLC purchased a new position in shares of Welltower during the 2nd quarter worth approximately $41,000. Finally, Tarbox Family Office Inc. increased its stake in shares of Welltower by 350.9% during the 2nd quarter. Tarbox Family Office Inc. now owns 514 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.
WELL opened at $87.54 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.74 and a current ratio of 2.74. Welltower Inc. has a 1-year low of $51.22 and a 1-year high of $89.80. The company has a 50-day moving average of $86.28 and a 200-day moving average of $79.38. The company has a market capitalization of $36.99 billion, a P/E ratio of 62.98, a PEG ratio of 4.85 and a beta of 1.06.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 19th. Investors of record on Thursday, August 12th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, August 11th. Welltower’s dividend payout ratio is presently 68.54%.
WELL has been the subject of several recent analyst reports. KeyCorp lifted their target price on shares of Welltower from $88.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 11th. Royal Bank of Canada lifted their target price on shares of Welltower from $82.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 13th. Raymond James lifted their target price on shares of Welltower from $92.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 1st. Wells Fargo & Company lifted their price target on shares of Welltower from $78.00 to $89.00 and gave the company an “equal weight” rating in a report on Friday, July 23rd. Finally, Evercore ISI upgraded shares of Welltower from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $77.00 to $86.00 in a report on Monday, June 14th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $82.45.
Welltower Company Profile
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.
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