Creative Planning lifted its position in shares of Welltower Inc. (NYSE:WELL – Free Report) by 3.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 44,326 shares of the real estate investment trust’s stock after acquiring an additional 1,600 shares during the quarter. Creative Planning’s holdings in Welltower were worth $3,585,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in WELL. Compass Wealth Management LLC bought a new position in Welltower during the 4th quarter worth $26,000. Covestor Ltd grew its stake in Welltower by 97.4% during the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 147 shares during the last quarter. Neo Ivy Capital Management bought a new position in Welltower during the 4th quarter worth $31,000. Clear Street Markets LLC grew its stake in Welltower by 188.5% during the 4th quarter. Clear Street Markets LLC now owns 577 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 377 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in Welltower during the 4th quarter worth $40,000. 91.61% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Mizuho upped their price objective on Welltower from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. Morgan Stanley increased their price target on Welltower from $74.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, September 7th. Wedbush began coverage on Welltower in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $83.00 price target for the company. Robert W. Baird increased their price target on Welltower from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, September 14th. Finally, Raymond James increased their price target on Welltower from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 20th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.75.
Welltower Trading Up 0.8 %
Shares of WELL stock opened at $82.12 on Tuesday. The stock has a 50-day simple moving average of $82.68 and a 200 day simple moving average of $79.25. Welltower Inc. has a fifty-two week low of $56.50 and a fifty-two week high of $86.72. The stock has a market capitalization of $42.60 billion, a P/E ratio of 357.06, a P/E/G ratio of 2.92 and a beta of 1.04. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.73.
Welltower Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Tuesday, August 15th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $2.44 annualized dividend and a yield of 2.97%. Welltower’s dividend payout ratio is currently 1,060.92%.
Welltower Profile
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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