Boothbay Fund Management LLC Acquires Shares of 4,175 Welltower Inc. (NYSE:WELL)

Posted by Defense World Staff on Mar 4th, 2023

Boothbay Fund Management LLC acquired a new stake in shares of Welltower Inc. (NYSE:WELL – Get Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,175 shares of the real estate investment trust’s stock, valued at approximately $269,000.

A number of other institutional investors have also modified their holdings of WELL. Covestor Ltd raised its stake in shares of Welltower by 97.4% during the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 147 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Welltower during the 3rd quarter valued at about $32,000. HM Payson & Co. raised its stake in shares of Welltower by 200.0% during the 3rd quarter. HM Payson & Co. now owns 600 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 400 shares during the last quarter. Sugarloaf Wealth Management LLC purchased a new position in shares of Welltower in the 3rd quarter valued at about $42,000. Finally, Pacer Advisors Inc. increased its stake in shares of Welltower by 30.9% in the 3rd quarter. Pacer Advisors Inc. now owns 945 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on WELL. StockNews.com upgraded Welltower to a “sell” rating in a research note on Monday, February 6th. Evercore ISI lowered Welltower from an “outperform” rating to an “in-line” rating and set a $72.00 price target for the company. in a research note on Monday, November 21st. Raymond James upgraded Welltower from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $72.00 to $82.00 in a research note on Monday, January 9th. Barclays lifted their price target on Welltower from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, January 17th. Finally, Morgan Stanley lifted their price target on Welltower from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.56.

Welltower Trading Up 1.3 %

Shares of Welltower stock opened at $75.31 on Friday. The stock has a market cap of $36.95 billion, a P/E ratio of 235.35, a P/E/G ratio of 5.17 and a beta of 1.05. The stock’s 50 day simple moving average is $72.71 and its 200-day simple moving average is $69.52. Welltower Inc. has a 1-year low of $56.50 and a 1-year high of $99.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.00 and a quick ratio of 2.00.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 8th. Stockholders of record on Tuesday, February 28th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Monday, February 27th. Welltower’s dividend payout ratio is currently 762.52%.

Welltower Company Profile

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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.