StockNews.com assumed coverage on shares of Welltower (NYSE:WELL – Free Report) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.
WELL has been the topic of a number of other reports. Raymond James upped their price target on Welltower from $90.00 to $95.00 and gave the company an outperform rating in a report on Wednesday, September 20th. Wells Fargo & Company upped their price target on Welltower from $89.00 to $93.00 and gave the company an overweight rating in a report on Monday, August 7th. Robert W. Baird upped their price target on Welltower from $80.00 to $84.00 and gave the company a neutral rating in a report on Thursday, September 14th. Mizuho increased their target price on Welltower from $86.00 to $90.00 and gave the company a buy rating in a report on Thursday, September 14th. Finally, Wedbush assumed coverage on Welltower in a report on Tuesday, October 3rd. They issued a neutral rating and a $83.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $86.75.
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Welltower Trading Down 1.8 %
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Tuesday, August 15th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Monday, August 14th. Welltower’s dividend payout ratio (DPR) is currently 1,060.92%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Covestor Ltd grew its position in shares of Welltower by 97.4% during the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 147 shares in the last quarter. First Capital Advisors Group LLC. purchased a new stake in shares of Welltower during the second quarter worth about $26,000. Compass Wealth Management LLC purchased a new stake in shares of Welltower during the fourth quarter worth about $26,000. Neo Ivy Capital Management purchased a new stake in shares of Welltower during the fourth quarter worth about $31,000. Finally, Clear Street Markets LLC grew its position in shares of Welltower by 188.5% during the fourth quarter. Clear Street Markets LLC now owns 577 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 377 shares in the last quarter. Institutional investors own 91.61% of the company’s stock.
About Welltower
Welltower Inc (NYSE:WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
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