Signaturefd LLC Boosts Stock Position in Welltower Inc. (NYSE:WELL)

Posted by Defense World Staff on Apr 15th, 2023

Signaturefd LLC boosted its holdings in shares of Welltower Inc. (NYSE:WELL – Get Rating) by 42.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,801 shares of the real estate investment trust’s stock after acquiring an additional 1,738 shares during the quarter. Signaturefd LLC’s holdings in Welltower were worth $380,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WELL. Cresset Asset Management LLC lifted its holdings in shares of Welltower by 2.5% in the 1st 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 lifted its holdings in shares of Welltower by 0.4% in the 1st 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 lifted its holdings in shares of Welltower by 1.1% in the 1st 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. Lido Advisors LLC lifted its holdings in shares of Welltower by 2.0% in the 1st quarter. Lido Advisors LLC now owns 7,155 shares of the real estate investment trust’s stock worth $687,000 after buying an additional 137 shares during the period. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Welltower by 4.5% in the 1st quarter. Proficio Capital Partners LLC now owns 3,194 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WELL. Credit Suisse Group upped their target price on Welltower from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, April 3rd. Barclays upped their target price on Welltower from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. StockNews.com started coverage on Welltower in a research report on Thursday, March 16th. They issued a “sell” rating for the company. Citigroup raised Welltower from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $70.00 to $81.00 in a research report on Wednesday, April 5th. Finally, Raymond James raised Welltower from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $72.00 to $82.00 in a research report on Monday, January 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.63.

Welltower Trading Down 0.6 %

Shares of NYSE:WELL opened at $74.09 on Friday. The business’s 50-day moving average is $72.75 and its 200 day moving average is $68.61. Welltower Inc. has a 1 year low of $56.50 and a 1 year high of $98.27. The firm has a market capitalization of $36.35 billion, a P/E ratio of 231.54, a P/E/G ratio of 4.76 and a beta of 1.05. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 8th. Investors of record on Tuesday, February 28th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Monday, February 27th. Welltower’s dividend payout ratio is currently 762.52%.

About Welltower

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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.