Cetera Investment Advisers Has $336,000 Holdings in Welltower Inc (NYSE:WELL)

Cetera Investment Advisers boosted its stake in Welltower Inc (NYSE:WELL) by 12.3% in the third quarter, Holdings Channel reports. The firm owned 3,694 shares of the real estate investment trust’s stock after purchasing an additional 404 shares during the quarter. Cetera Investment Advisers’ holdings in Welltower were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Duncker Streett & Co. Inc. grew its position in Welltower by 27.6% in the second quarter. Duncker Streett & Co. Inc. now owns 591 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 128 shares during the last quarter. Wealthstreet Investment Advisors LLC grew its position in Welltower by 1.6% in the second quarter. Wealthstreet Investment Advisors LLC now owns 9,704 shares of the real estate investment trust’s stock valued at $791,000 after acquiring an additional 150 shares during the last quarter. Covington Capital Management grew its position in Welltower by 15.6% in the second quarter. Covington Capital Management now owns 1,113 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 150 shares during the last quarter. Optimum Investment Advisors grew its position in Welltower by 5.7% in the third quarter. Optimum Investment Advisors now owns 2,870 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 155 shares during the last quarter. Finally, Asset Dedication LLC grew its holdings in shares of Welltower by 29.6% during the second quarter. Asset Dedication LLC now owns 709 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

NYSE:WELL opened at $83.99 on Monday. The stock has a market cap of $33.87 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 4.48 and a beta of 0.18. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average is $89.15 and its 200-day moving average is $85.27. Welltower Inc has a 1-year low of $65.94 and a 1-year high of $93.17.

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 paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, November 12th. Welltower’s dividend payout ratio is currently 86.35%.

Several analysts have recently weighed in on WELL shares. Barclays cut Welltower from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $88.00 to $93.00 in a report on Tuesday, October 1st. They noted that the move was a valuation call. Wood & Company restated an “average” rating on shares of Welltower in a report on Thursday, August 22nd. ValuEngine cut Welltower from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley boosted their price target on Welltower from $91.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, September 17th. Finally, Stifel Nicolaus boosted their price target on Welltower from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock 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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