Asset Management One Co. Ltd. Increases Position in Welltower Inc. (NYSE:WELL)

Asset Management One Co. Ltd. raised its stake in Welltower Inc. (NYSE:WELL - Free Report) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,191,416 shares of the real estate investment trust's stock after acquiring an additional 47,753 shares during the quarter. Welltower makes up 0.6% of Asset Management One Co. Ltd.'s holdings, making the stock its 28th biggest position. Asset Management One Co. Ltd. owned approximately 0.18% of Welltower worth $182,537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of WELL. Brighton Jones LLC raised its holdings in Welltower by 7.1% during the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after acquiring an additional 279 shares during the period. Truist Financial Corp grew its position in shares of Welltower by 6.9% in the fourth quarter. Truist Financial Corp now owns 35,441 shares of the real estate investment trust's stock valued at $4,467,000 after purchasing an additional 2,274 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Welltower by 13.6% during the 4th quarter. Sigma Planning Corp now owns 6,276 shares of the real estate investment trust's stock valued at $791,000 after purchasing an additional 752 shares during the period. Wealthspire Advisors LLC lifted its holdings in Welltower by 2.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after purchasing an additional 83 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in Welltower by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,368 shares of the real estate investment trust's stock worth $424,000 after purchasing an additional 171 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Trading Down 0.8%

Shares of NYSE:WELL traded down $1.28 during trading on Friday, reaching $152.20. The company's stock had a trading volume of 3,373,596 shares, compared to its average volume of 2,938,696. The stock has a market capitalization of $99.53 billion, a PE ratio of 87.47, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Welltower Inc. has a 12 month low of $102.92 and a 12 month high of $158.55. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The firm's 50 day simple moving average is $150.40 and its two-hundred day simple moving average is $143.43.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The company's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. On average, research analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.76%. Welltower's payout ratio is presently 154.02%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Evercore ISI boosted their price objective on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Royal Bank Of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $163.75.

Welltower Company Profile

Welltower Inc NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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.