D.A. Davidson & CO. Sells 566 Shares of Welltower Inc. (NYSE:WELL)

Posted by Defense World Staff on Apr 28th, 2023

D.A. Davidson & CO. lowered its holdings in shares of Welltower Inc. (NYSE:WELL – Get Rating) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,300 shares of the real estate investment trust’s stock after selling 566 shares during the period. D.A. Davidson & CO.’s holdings in Welltower were worth $1,268,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Welltower by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 74,487,135 shares of the real estate investment trust’s stock worth $4,791,012,000 after purchasing an additional 1,674,989 shares during the period. Cohen & Steers Inc. grew its stake in shares of Welltower by 17.6% in the third quarter. Cohen & Steers Inc. now owns 40,144,429 shares of the real estate investment trust’s stock worth $2,581,775,000 after acquiring an additional 6,010,798 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Welltower by 21.0% in the third quarter. Daiwa Securities Group Inc. now owns 8,564,103 shares of the real estate investment trust’s stock worth $550,843,000 after buying an additional 1,485,253 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Welltower by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 6,281,662 shares of the real estate investment trust’s stock worth $404,030,000 after buying an additional 143,331 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Welltower by 16.5% during the third quarter. Nuveen Asset Management LLC now owns 4,648,563 shares of the real estate investment trust’s stock valued at $298,995,000 after purchasing an additional 657,216 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Welltower Trading Up 2.4 %

Shares of WELL opened at $77.99 on Friday. Welltower Inc. has a 52-week low of $56.50 and a 52-week high of $94.65. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average is $72.86 and its two-hundred day moving average is $69.36. The stock has a market cap of $38.71 billion, a PE ratio of 243.73, a price-to-earnings-growth ratio of 3.05 and a beta of 1.05.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 8th. Investors of record on Tuesday, February 28th were issued 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 3.13%. Welltower’s dividend payout ratio (DPR) is currently 762.52%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Welltower in a report on Thursday, March 16th. They issued a “sell” rating on the stock. Credit Suisse Group upped their price target on shares of Welltower from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, April 3rd. Raymond James raised shares of Welltower from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $72.00 to $82.00 in a research note on Monday, January 9th. Barclays increased their target price on shares of Welltower from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. Finally, Wells Fargo & Company assumed coverage on shares of Welltower in a report on Wednesday, April 19th. They set an “overweight” rating and a $85.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $81.82.

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.