Welltower Inc (NYSE:WELL) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in Welltower Inc (NYSE:WELL) by 24.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,347 shares of the real estate investment trust’s stock after purchasing an additional 464 shares during the period. Parallel Advisors LLC’s holdings in Welltower were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Private Asset Management Inc. lifted its position in shares of Welltower by 6.3% during the 2nd quarter. Private Asset Management Inc. now owns 59,013 shares of the real estate investment trust’s stock valued at $4,811,000 after acquiring an additional 3,501 shares during the period. Fulton Bank N.A. lifted its position in shares of Welltower by 3.3% during the 2nd quarter. Fulton Bank N.A. now owns 21,001 shares of the real estate investment trust’s stock valued at $1,712,000 after acquiring an additional 670 shares during the period. DNB Asset Management AS lifted its position in shares of Welltower by 106.6% during the 2nd quarter. DNB Asset Management AS now owns 85,455 shares of the real estate investment trust’s stock valued at $6,967,000 after acquiring an additional 44,096 shares during the period. RDA Financial Network lifted its position in shares of Welltower by 1.6% during the 2nd quarter. RDA Financial Network now owns 16,997 shares of the real estate investment trust’s stock valued at $1,449,000 after acquiring an additional 270 shares during the period. Finally, Retirement Systems of Alabama lifted its position in shares of Welltower by 4.9% during the 2nd quarter. Retirement Systems of Alabama now owns 188,778 shares of the real estate investment trust’s stock valued at $15,391,000 after acquiring an additional 8,872 shares during the period. Hedge funds and other institutional investors own 89.18% of the company’s stock.

Shares of Welltower stock traded down $0.37 during trading on Friday, hitting $82.88. 1,621,318 shares of the company were exchanged, compared to its average volume of 2,064,110. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.84. Welltower Inc has a fifty-two week low of $65.94 and a fifty-two week high of $93.17. The stock has a market capitalization of $34.67 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 4.58 and a beta of 0.18. The firm has a 50 day moving average price of $89.85 and a 200 day moving average price of $84.97.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.48 annualized dividend and a dividend yield of 4.20%. Welltower’s dividend payout ratio is currently 86.35%.

WELL has been the subject of a number of research reports. Barclays downgraded shares of Welltower from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $88.00 to $93.00 in a research report on Tuesday, October 1st. They noted that the move was a valuation call. Stifel Nicolaus lifted their price target on shares of Welltower from $87.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. BMO Capital Markets reiterated a “buy” rating and set a $86.00 price target on shares of Welltower in a research report on Monday, August 5th. ValuEngine downgraded shares of Welltower from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley lifted their price target on shares of Welltower from $91.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, September 17th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $82.66.

Welltower Company Profile

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 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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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