Natixis Acquires Shares of 1,430 Welltower Inc. (NYSE:WELL)
by Michael Walen · The Markets Daily
Natixis acquired a new stake in shares of Welltower Inc. (NYSE:WELL – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,430 shares of the real estate investment trust’s stock, valued at approximately $116,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Welltower by 5.8% during the second quarter. BlackRock Inc. now owns 53,409,103 shares of the real estate investment trust’s stock worth $4,320,262,000 after buying an additional 2,929,873 shares in the last quarter. Capital International Investors increased its holdings in shares of Welltower by 46.7% during the second quarter. Capital International Investors now owns 21,383,365 shares of the real estate investment trust’s stock worth $1,729,700,000 after buying an additional 6,808,299 shares in the last quarter. Norges Bank acquired a new position in shares of Welltower during the fourth quarter worth $1,104,830,000. FMR LLC increased its holdings in shares of Welltower by 3.6% during the first quarter. FMR LLC now owns 16,377,726 shares of the real estate investment trust’s stock worth $1,174,119,000 after buying an additional 567,977 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Welltower by 6.7% in the second quarter. Geode Capital Management LLC now owns 11,518,218 shares of the real estate investment trust’s stock worth $929,477,000 after purchasing an additional 726,212 shares during the last quarter. 91.61% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently weighed in on WELL. Royal Bank of Canada cut shares of Welltower from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $92.00 to $97.00 in a research note on Tuesday, November 28th. Wells Fargo & Company boosted their price objective on shares of Welltower from $93.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, November 13th. Morgan Stanley boosted their price objective on shares of 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 shares of Welltower in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $83.00 price objective on the stock. Finally, Mizuho boosted their price objective on shares of Welltower from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.38.
Check Out Our Latest Report on WELL
Welltower Price Performance
WELL stock opened at $89.88 on Wednesday. The stock has a market capitalization of $49.75 billion, a PE ratio of 187.25, a price-to-earnings-growth ratio of 3.11 and a beta of 1.06. The company’s 50-day moving average is $85.45 and its 200-day moving average is $82.52. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.37 and a quick ratio of 3.37. Welltower Inc. has a 1 year low of $62.62 and a 1 year high of $90.63.
Welltower (NYSE:WELL – Get Free Report) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.65). The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.63 billion. Welltower had a return on equity of 1.15% and a net margin of 3.94%. Welltower’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. Equities research analysts expect that Welltower Inc. will post 3.61 EPS for the current fiscal year.
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Tuesday, November 14th were given a dividend of $0.61 per share. The ex-dividend date was Monday, November 13th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.71%. Welltower’s dividend payout ratio (DPR) is presently 508.33%.
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.
Read More
- Five stocks we like better than Welltower
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Analysts shift attention to new market leaders in Q4
- What Does Downgrade Mean in Investing?
- Zuckerberg sells Meta, Snowflake may be the better choice
- Are Penny Stocks a Good Fit for Your Portfolio?
- BYND’s short interest hits 45%, is a squeeze imminent?
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL – Free Report).