Meitav Dash Investments Ltd. Has $1.12 Million Stock Holdings in Welltower Inc (NYSE:WELL)

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Meitav Dash Investments Ltd. lifted its position in shares of Welltower Inc (NYSE:WELL) by 62.9% during the 2nd quarter, Holdings Channel reports. The firm owned 21,598 shares of the real estate investment trust’s stock after purchasing an additional 8,343 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Welltower were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Rafferty Asset Management LLC lifted its holdings in shares of Welltower by 475.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 99,680 shares of the real estate investment trust’s stock worth $5,158,000 after acquiring an additional 82,359 shares during the period. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Welltower by 67.3% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 10,870 shares of the real estate investment trust’s stock worth $563,000 after acquiring an additional 4,372 shares during the period. Pendal Group Ltd lifted its holdings in shares of Welltower by 10.1% during the 2nd quarter. Pendal Group Ltd now owns 54,192 shares of the real estate investment trust’s stock worth $2,804,000 after acquiring an additional 4,949 shares during the period. Sentry Investment Management LLC lifted its holdings in shares of Welltower by 48,731.9% during the 2nd quarter. Sentry Investment Management LLC now owns 22,951 shares of the real estate investment trust’s stock worth $1,188,000 after acquiring an additional 22,904 shares during the period. Finally, CSat Investment Advisory L.P. lifted its holdings in shares of Welltower by 43.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,500 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 452 shares during the period. 88.23% of the stock is owned by institutional investors and hedge funds.

NYSE WELL traded up $1.28 on Thursday, hitting $55.23. The company’s stock had a trading volume of 89,029 shares, compared to its average volume of 2,570,672. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.85. Welltower Inc has a 1-year low of $24.27 and a 1-year high of $93.17. The company’s 50-day moving average is $53.01 and its 200 day moving average is $56.56. The firm has a market cap of $22.93 billion, a PE ratio of 17.45, a PEG ratio of 5.29 and a beta of 0.83.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.44). Welltower had a net margin of 26.20% and a return on equity of 8.64%. On average, equities analysts expect that Welltower Inc will post 3.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Tuesday, August 18th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Monday, August 17th. Welltower’s dividend payout ratio (DPR) is 58.65%.

A number of analysts have recently weighed in on the stock. Raymond James downgraded shares of Welltower from an “outperform” rating to a “market perform” rating and set a $45.00 price target for the company. in a report on Thursday. Berenberg Bank began coverage on shares of Welltower in a research report on Wednesday, July 22nd. They set a “buy” rating and a $56.00 price objective for the company. BMO Capital Markets reiterated a “hold” rating and set a $52.00 price objective on shares of Welltower in a research report on Wednesday, August 5th. Evercore ISI upgraded shares of Welltower from an “in-line” rating to an “outperform” rating in a research report on Monday, June 15th. Finally, Royal Bank of Canada lowered their price objective on shares of Welltower from $56.00 to $45.00 in a research report on Friday, May 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $57.93.

About Welltower

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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