After this morning's 1.9% surge to $105.97 per share, Welltower might just keep moving past its target price of $108.12. With an average analyst rating of buy, and target prices from $95.0 to $129.0, the stock's next move is anyone's guess.
Welltower's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.2%. The stock's short ratio is 4.26. At 0.09%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 96.4%. In conclusion, we believe there is mixed market sentiment regarding Welltower.
Institutions Invested in Welltower
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 15% | 89,187,884 | $9,451,240,176 |
| 2024-03-31 | Blackrock Inc. | 10% | 59,134,559 | $6,266,489,289 |
| 2024-03-31 | Cohen & Steers Inc. | 7% | 39,533,128 | $4,189,325,622 |
| 2024-03-31 | State Street Corporation | 6% | 33,548,743 | $3,555,160,336 |
| 2024-03-31 | Capital International Investors | 5% | 29,236,326 | $3,098,173,501 |
| 2023-12-31 | Norges Bank Investment Management | 5% | 27,204,604 | $2,882,871,919 |
| 2024-03-31 | Wellington Management Group, LLP | 3% | 16,640,562 | $1,763,400,375 |
| 2024-03-31 | Bank of America Corporation | 3% | 16,203,034 | $1,717,035,532 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 13,781,004 | $1,460,373,010 |
| 2024-03-31 | Principal Financial Group, Inc. | 2% | 12,458,625 | $1,320,240,506 |
