Welltower Inc. (NYSE: WELL) Stake Bought by Norden Group LLC

Norden Group LLC Makes Significant Investment in Welltower Inc. (NYSE: WELL)

In a recent development, Norden Group LLC has acquired a new stake in Welltower Inc. (NYSE: WELL) during the first quarter, as reported in its latest 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,103 shares of the real estate investment trust’s stock, valued at approximately $383,000.

This move by Norden Group LLC is part of a larger trend, with several other hedge funds also making modifications to their holdings of WELL. Van ECK Associates Corp, for example, increased its stake in Welltower by 10.8% in the first quarter, while HB Wealth Management LLC and SpiderRock Advisors LLC also boosted their positions in the company. Overall, 94.80% of the stock is now owned by hedge funds and other institutional investors.

Welltower’s stock performance has been noteworthy, with the company opening at $104.20 on Friday. The stock has a 1-year low of $77.90 and a 1-year high of $106.50, with a market cap of $62.30 billion. Analysts anticipate that Welltower Inc. will post 4.12 EPS for the current fiscal year.

Additionally, Welltower recently announced a quarterly dividend, with investors receiving a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.34%. The company’s payout ratio is currently 301.23%.

Analysts have set new price targets for Welltower, with several brokerages issuing reports on the company. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating, while other firms like Wells Fargo & Company, BNP Paribas, and Morgan Stanley have also provided positive outlooks on the stock.

In other news, Director Kenneth J. Bacon sold 1,800 shares of Welltower’s stock in a recent transaction. The stock was sold at an average price of $103.91, totaling $187,038.00. Insider transactions like these provide valuable insights into the company’s performance and future prospects.

Welltower Inc. is a REIT and S&P 500 company headquartered in Toledo, Ohio, focusing on