SG Americas Securities LLC Has $1.37 Million Stake in Welltower Inc. (NYSE:WELL)

Posted by on Apr 27th, 2023

SG Americas Securities LLC increased its position in Welltower Inc. (NYSE:WELL – Get Rating) by 124.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,912 shares of the real estate investment trust’s stock after purchasing an additional 11,602 shares during the period. SG Americas Securities LLC’s holdings in Welltower were worth $1,371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Welltower by 287.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,504 shares of the real estate investment trust’s stock valued at $869,000 after buying an additional 10,018 shares during the period. California Public Employees Retirement System boosted its stake in shares of Welltower by 19.2% during the 3rd quarter. California Public Employees Retirement System now owns 1,030,627 shares of the real estate investment trust’s stock valued at $66,290,000 after buying an additional 165,728 shares during the period. Alta Advisers Ltd acquired a new stake in shares of Welltower during the 3rd quarter valued at $84,000. Quadrant Capital Group LLC boosted its stake in shares of Welltower by 11.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,723 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 380 shares during the period. Finally, Alpha Paradigm Partners LLC boosted its stake in shares of Welltower by 3,979.9% during the 3rd quarter. Alpha Paradigm Partners LLC now owns 6,895 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 6,726 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Welltower Stock Performance

NYSE WELL opened at $76.17 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $37.80 billion, a price-to-earnings ratio of 238.04, a P/E/G ratio of 3.01 and a beta of 1.05. The company’s fifty day moving average is $72.85 and its two-hundred day moving average is $69.31. Welltower Inc. has a 52-week low of $56.50 and a 52-week high of $95.62.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 8th. Shareholders of record on Tuesday, February 28th were given a $0.61 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a $2.44 annualized dividend and a yield of 3.20%. Welltower’s dividend payout ratio is 762.52%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Raymond James raised shares of Welltower from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $72.00 to $82.00 in a research note on Monday, January 9th. Credit Suisse Group raised their price target on shares of Welltower from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, April 3rd. Barclays raised their price target on shares of Welltower from $78.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 17th. Wells Fargo & Company began coverage on shares of Welltower in a report on Wednesday, April 19th. They set an “overweight” rating and a $85.00 price target on the stock. Finally, Evercore ISI upgraded shares of Welltower from an “in-line” rating to an “outperform” rating and set a $81.00 price target on the stock in a report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.82.

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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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