Sequoia Financial Advisors,
Mirae Asset Global Investments, and
Sumitomo Mitsui Trust Holdings along with several other firms reduced their holdings in
Welltower Inc., while
Cullinan Associates and
Gulf International Bank UK increased their position in the company. Welltower's stock remains a focus for many, despite underperforming against competitors on select days, it has delivered gains and received upgrades. It's stock has risen by 11.9% year to date and reached a new fifty-two-week high following an analyst upgrade. Recently, Welltower announced the planned acquisition of a 1.0 billion dollar affinity active adult portfolio while reaffirming
positive 2024 FFO guidance and increasing dividends by 10%. In its Q4 2023 and Q1 2024 earnings call, the company reported strong results, signaling a robust growth. Further, it issued business updates, released its 2023
environmental, social, and governance report, and approved a 10% increase in its quarterly dividend to 67c per share. Market trends indicate it's seen as a solid retirement stock providing a 3% yield. However, its rating got lowered to 'Sell' at StockNews.com before being upgraded to 'Hold'.
Welltower WELL News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 07 Jul 2024 14:19:30 GMT -
Rating 6
- Innovation 3
- Information 4
- Rumor -1
