Jefferies Group LLC bought a new position in Welltower Inc (NYSE:WELL) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 6,071 shares of the real estate investment trust’s stock, valued at approximately $390,000.
Several other large investors also recently bought and sold shares of WELL. BlackRock Inc. purchased a new stake in shares of Welltower in the 3rd quarter worth about $2,461,568,000. FMR LLC purchased a new stake in shares of Welltower in the 3rd quarter worth about $473,389,000. PGGM Investments purchased a new position in Welltower during the 3rd quarter valued at about $449,854,000. Wells Fargo & Company MN purchased a new position in Welltower during the 3rd quarter valued at about $441,605,000. Finally, Bank of New York Mellon Corp purchased a new position in Welltower during the 3rd quarter valued at about $405,367,000. 88.46% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE WELL opened at $71.39 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $26.57 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.82 and a beta of 0.26. Welltower Inc has a 1 year low of $49.58 and a 1 year high of $74.75.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th were issued a $0.87 dividend. The ex-dividend date of this dividend was Friday, November 9th. This represents a $3.48 annualized dividend and a yield of 4.87%. Welltower’s dividend payout ratio (DPR) is presently 82.66%.
A number of brokerages recently issued reports on WELL. Morgan Stanley lifted their price target on shares of Welltower from $67.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday. Wells Fargo & Co raised shares of Welltower from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 11th. Scotiabank began coverage on shares of Welltower in a research report on Monday, December 10th. They set a “sector perform” rating and a $74.00 price target for the company. lifted their price target on shares of Welltower from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Wednesday, December 5th. Finally, ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.71.
In other Welltower news, EVP Mercedes Kerr sold 4,342 shares of Welltower stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $73.17, for a total value of $317,704.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.
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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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