Legal & General Group Plc has a $872.55M stock position in Welltower Inc. (NYSE: WELL)

Legal & General Group Plc increased its holdings in shares of Welltower Inc. (NYSE:WELL – Free Report) by 0.1% in the second quarter, HoldingsChannel reports. The fund owned 8,369,780 shares of the real estate investment trust’s stock after purchasing an additional 12,424 shares during the quarter. Legal & General Group Plc’s holdings in Welltower were worth $872,551,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First Foundation Advisors purchased a new stake in Welltower in the second quarter valued at $26,000. TruNorth Capital Management LLC purchased a new stake in shares of Welltower in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new stake in shares of Welltower in the second quarter valued at approximately $30,000. Rise Advisors LLC bought a new stake in shares of Welltower in the first quarter valued at approximately $27,000. Finally, Centerpoint Advisors LLC purchased a new position in Welltower in the second quarter valued at about $31,000. 94.80% of shares are currently owned by institutional investors and hedge funds.

Analyst upgrades and downgrades

Several equities research analysts recently issued reports on the stock. Wedbush lifted their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their target price on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Morgan Stanley boosted their price objective on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.38, based on data from MarketBeat.

Read the latest stock analysis on Welltower

Welltower price performance

Shares of Welltower stock opened at $126.55 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07, and a quick ratio of 4.07. The company has a market cap of $75.67 billion, a PE ratio of 156.23, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. The firm has a fifty day moving average price of $118.88 and a two hundred day moving average price of $105.44. Welltower Inc. it has a fifty-two week low of $78.38 and a fifty-two week high of $131.31.

Welltower (NYSE:WELL – Get Your Free Report ) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. In the same quarter last year, the company earned $0.90 per share. The company’s revenue increased by 9.6% year-on-year. Analysts expect Welltower Inc. will record 4.19 EPS for the current year.

Welltower increases dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 12. This is a boost from Welltower’s previous quarterly dividend of $0.61. This represents a dividend of $2.68 on an annualized basis and a dividend yield of 2.12%. Welltower’s payout ratio is currently 330.86%.

Welltower Company Profile

(Free Report)

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company based in Toledo, Ohio, is leading the transformation of healthcare infrastructure. Welltower invests with nursing home operators, post-acute care providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people’s well-being and overall care experience. health.

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