Dupont Capital Management Corp Increases Holdings in Welltower Inc. (NYSE:WELL)

Dupont Capital Management Corp increased its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 29.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,736 shares of the real estate investment trust's stock after buying an additional 16,906 shares during the quarter. Welltower comprises 1.3% of Dupont Capital Management Corp's holdings, making the stock its 28th largest position. Dupont Capital Management Corp's holdings in Welltower were worth $11,297,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in Welltower during the first quarter worth approximately $28,000. Franchise Capital Ltd purchased a new position in Welltower during the first quarter worth approximately $32,000. Capital Advisors Ltd. LLC lifted its position in Welltower by 57.2% during the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after buying an additional 107 shares in the last quarter. Versant Capital Management Inc lifted its position in Welltower by 27.0% during the first quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust's stock worth $58,000 after buying an additional 81 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Welltower during the first quarter worth approximately $59,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Price Performance

Shares of NYSE WELL opened at $151.70 on Friday. The stock's 50-day moving average is $149.79 and its two-hundred day moving average is $142.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. Welltower Inc. has a 1-year low of $100.13 and a 1-year high of $158.55. The company has a market cap of $99.20 billion, a price-to-earnings ratio of 87.18, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

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. Analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

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 of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.77%. Welltower's dividend payout ratio (DPR) is 154.02%.

Analyst Ratings Changes

A number of equities analysts recently commented on WELL shares. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Morgan Stanley lifted their target price on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada upgraded 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. Evercore ISI lifted their target price on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Finally, Scotiabank lifted their target price on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $163.25.

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.

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