Bank of New York Mellon Corp Acquires 5,447 Shares of Welltower Inc. (NYSE:WELL)

Bank of New York Mellon Corp boosted its position in Welltower Inc. (NYSE:WELL - Free Report) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,890,121 shares of the real estate investment trust's stock after buying an additional 5,447 shares during the quarter. Bank of New York Mellon Corp owned 0.60% of Welltower worth $596,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WELL. Harbor Capital Advisors Inc. acquired a new stake in shares of Welltower in the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Welltower in the 1st quarter valued at approximately $28,000. Franchise Capital Ltd purchased a new stake in shares of Welltower in the 1st quarter valued at approximately $32,000. ZynergyRetirementPlanningLLC purchased a new stake in shares of Welltower in the 1st quarter valued at approximately $33,000. Finally, Capital Advisors Ltd. LLC increased its stake in Welltower by 57.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 107 shares during the period. Institutional investors own 94.80% of the company's stock.

Welltower Stock Up 0.4%

NYSE WELL traded up $0.56 during trading on Wednesday, hitting $152.32. The company's stock had a trading volume of 1,356,804 shares, compared to its average volume of 2,913,717. The business's 50 day simple moving average is $151.17 and its 200-day simple moving average is $144.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. The company has a market cap of $99.61 billion, a PE ratio of 87.54, a P/E/G ratio of 1.79 and a beta of 0.92. Welltower Inc. has a fifty-two week low of $102.92 and a fifty-two week high of $158.55.

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

Welltower Dividend Announcement

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

Wall Street Analysts Forecast Growth

WELL has been the topic of several research analyst reports. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Mizuho raised their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Evercore ISI lifted their price target on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company raised their price objective on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $168.18.

Insider Activity at Welltower

In related news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company's stock.

About Welltower

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.