According to a Holdings Channel report, in the second quarter, Mackenzie Financial Corp. Welltower Inc. (NYSE:WELL – Gate Ratings) raised its stake to 10.5%. The fund owned 44,867 shares of the real estate investment trust’s stock after purchasing an additional 4,251 shares during the quarter. Mackenzie Financial Corp’s holding in Welltower was $3,695,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings in Well recently. Covester Ltd increased its stake in Welltower to 97.4% during the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust stock valued at $29,000 after buying an additional 147 shares in the last quarter. Stonehenge Fleming Financial Services Holdings Ltd. purchased a new stake in Welltower shares valued at approximately $27,000 during the second quarter. Trustcore Financial Services LLC purchased a new stake in Welltower shares worth approximately $42,000 during the first quarter. Georgia Inc. investor Asset Management GA ADV purchased a new stake in Welltower shares valued at approximately $36,000 during the second quarter. Finally, Hallmark Capital Management Inc. purchased a new stake in Welltower shares worth approximately $41,000 during the second quarter. 97.68% of the stock is currently held by institutional investors.
analyzer upgrade and downgrade
Several research firms have issued reports on Vail recently. Barclays cut its price objective on shares of Welltower from $92.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, October 21. Robert W. Baird downgraded shares of Welltower to a “neutral” rating from an “outperform” rating and set a $66.00 price objective on the stock. In a report on Monday, Oct. 10. Royal Bank of Canada cut its price objective on shares of Welltower from $96.00 to $79.00 and set an “outperform” rating on the stock in a report on Thursday, October 6. Morgan Stanley raised its price objective on shares of Welltower from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Tuesday, November 15. Finally, Raymond James downgraded shares of Welltower to an “outperform” rating from a “strong-buy” rating and dropped his price objective for the stock from $81.00 to $70.00 in a report on Tuesday, November 1. One analyst has rated the stock with Sell rating, three have Hold rating and eleven have issued Buy rating on the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.69.
Welltower Trading up 1.6%
Welltower stock opened at $67.78 on Monday. The stock has a market cap of $32.03 billion, P/E ratio of 147.35, PEG ratio of 4.30, and Beta of 0.97. The company has a debt-to-equity ratio of 0.75, current ratio of 2.11 and quick ratio of 2.11. Welltower Inc. The 1-Year Low is $56.50 and the 1-Year High is $99.43. The firm’s 50-day moving average price is $64.33 and its 200-day moving average price is $76.28.
Welltower Dividend Declaration
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30. A dividend of $0.61 per share will be paid to shareholders of record on Friday, November 18. This represents a $2.44 annual dividend and a dividend yield of 3.60%. The ex-dividend date is Thursday, November 17. Welltower’s payout ratio currently stands at 530.45%.
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company invests with leading senior housing operators, post-acute providers and health systems to scale innovative care delivery models and fund the real estate infrastructure needed to improve people’s well-being and overall healthcare experience.
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