Sun Sep 15 15:59:59 UTC 2024: ## Welltower Inc. (WELL) Sees Increased Institutional Interest in Q2 2024
**Toledo, OH – September 15, 2024** – Welltower Inc. (NYSE: WELL), a leading real estate investment trust (REIT) focused on healthcare infrastructure, saw a surge in institutional interest during the second quarter of 2024. Several hedge funds and institutional investors made new investments or increased their existing holdings in the company.
Among the new investors, CoreCap Advisors LLC purchased 3,400 shares of Welltower stock, valued at approximately $354,000. Other notable purchases include First Foundation Advisors ($26,000), Rise Advisors LLC ($27,000), TruNorth Capital Management LLC ($27,000), and Meeder Asset Management Inc. ($30,000).
Manchester Capital Management LLC significantly increased its stake in Welltower by 338.7% in the first quarter, now owning 329 shares worth $31,000. Overall, institutional investors and hedge funds own 94.80% of Welltower’s stock.
Welltower’s stock opened at $129.75 on Friday, with a market capitalization of $79.04 billion. The company recently declared a quarterly dividend of $0.67 per share, representing a $2.68 annualized dividend and a yield of 2.07%. This is a positive change from the previous quarterly dividend of $0.61.
Analysts are also optimistic about Welltower’s future. Evercore ISI, Wells Fargo & Company, Scotiabank, StockNews.com, and Wedbush have all recently upgraded their ratings or target prices on the stock. Currently, the average analyst rating for Welltower is “Moderate Buy” with a consensus target price of $111.71.
Welltower, a member of the S&P 500, continues to drive the transformation of healthcare infrastructure by investing in senior housing operators, post-acute providers, and health systems. Their mission is to fund the real estate and infrastructure needed to scale innovative care delivery models, ultimately improving people’s wellness and overall healthcare experience.
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