Alpha Paradigm Partners LLC Boosts Holdings in Welltower Inc. (NYSE:WELL)

Posted by Defense World Staff on Mar 15th, 2023

Alpha Paradigm Partners LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL – Get Rating) by 3,979.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,895 shares of the real estate investment trust’s stock after acquiring an additional 6,726 shares during the quarter. Alpha Paradigm Partners LLC’s holdings in Welltower were worth $443,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Lcnb Corp increased its stake in shares of Welltower by 2.6% in the second quarter. Lcnb Corp now owns 4,860 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 125 shares during the period. Cresset Asset Management LLC increased its stake in shares of Welltower by 2.5% in the first quarter. Cresset Asset Management LLC now owns 5,044 shares of the real estate investment trust’s stock worth $485,000 after buying an additional 125 shares during the period. Dai Ichi Life Insurance Company Ltd increased its stake in shares of Welltower by 0.4% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 33,012 shares of the real estate investment trust’s stock worth $3,174,000 after buying an additional 125 shares during the period. Meiji Yasuda Life Insurance Co increased its stake in shares of Welltower by 1.1% in the first quarter. Meiji Yasuda Life Insurance Co now owns 11,573 shares of the real estate investment trust’s stock worth $1,113,000 after buying an additional 130 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Welltower by 17.0% in the second quarter. Harvest Fund Management Co. Ltd now owns 915 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 133 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Welltower to a “sell” rating in a report on Monday, February 6th. Morgan Stanley lifted their price target on shares of Welltower from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Tuesday, November 15th. Raymond James upgraded shares of 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 report on Monday, January 9th. Mizuho dropped their target price on shares of Welltower from $93.00 to $91.00 in a report on Friday, December 2nd. Finally, Evercore ISI cut shares of Welltower from an “outperform” rating to an “in-line” rating and set a $72.00 target price on the stock. in a report on Monday, November 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.56.

Welltower Price Performance

Shares of NYSE:WELL opened at $71.56 on Wednesday. Welltower Inc. has a fifty-two week low of $56.50 and a fifty-two week high of $99.43. The business has a 50-day simple moving average of $73.61 and a two-hundred day simple moving average of $69.05. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market cap of $35.11 billion, a price-to-earnings ratio of 223.63, a price-to-earnings-growth ratio of 4.80 and a beta of 1.05.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 8th. Shareholders of record on Tuesday, February 28th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Monday, February 27th. Welltower’s dividend payout ratio (DPR) is 762.52%.

Welltower 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.