Bank of New York Mellon Corp Has $596.01 Million Position in Welltower Inc. (NYSE:WELL)

Bank of New York Mellon Corp boosted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 0.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,890,121 shares of the real estate investment trust's stock after purchasing an additional 5,447 shares during the quarter. Bank of New York Mellon Corp owned about 0.60% of Welltower worth $596,005,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in Welltower by 7.1% in the fourth 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 in the last quarter. Assetmark Inc. raised its holdings in Welltower by 95.8% in the fourth quarter. Assetmark Inc. now owns 11,168 shares of the real estate investment trust's stock valued at $1,408,000 after acquiring an additional 5,465 shares in the last quarter. Atria Investments Inc raised its holdings in Welltower by 4.7% in the fourth quarter. Atria Investments Inc now owns 36,723 shares of the real estate investment trust's stock valued at $4,628,000 after acquiring an additional 1,651 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Welltower by 148.3% in the fourth quarter. Proficio Capital Partners LLC now owns 4,047 shares of the real estate investment trust's stock valued at $510,000 after acquiring an additional 2,417 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Welltower in the fourth quarter valued at $90,565,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Down 1.6%

Shares of NYSE WELL traded down $2.43 during mid-day trading on Tuesday, reaching $151.80. The company had a trading volume of 987,972 shares, compared to its average volume of 2,913,468. The stock has a fifty day moving average of $151.16 and a two-hundred day moving average of $144.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. Welltower Inc. has a 12-month low of $102.92 and a 12-month high of $158.55. The company has a market capitalization of $99.27 billion, a price-to-earnings ratio of 87.24, a PEG ratio of 1.78 and a beta of 0.92.

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

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.77%. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Insider Buying and Selling

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The stock was bought at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the transaction, the director owned 20,000 shares of the company's stock, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wedbush reiterated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Evercore ISI upped their price target on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Scotiabank restated an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, Mizuho upped their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $168.18.

Welltower 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.