Sumitomo Mitsui DS Asset Management Company Ltd Acquires 10,082 Shares of Welltower Inc. (NYSE:WELL)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,590 shares of the real estate investment trust's stock after buying an additional 10,082 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Welltower were worth $33,490,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in Welltower during the first quarter worth about $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower in the first quarter valued at approximately $28,000. Franchise Capital Ltd purchased a new stake in shares of Welltower during the 1st quarter valued at approximately $32,000. ZynergyRetirementPlanningLLC bought a new position in Welltower in the 1st quarter worth approximately $33,000. Finally, Capital Advisors Ltd. LLC grew 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 in the last quarter. Institutional investors own 94.80% of the company's stock.

Welltower Price Performance

Shares of NYSE:WELL traded down $2.05 during trading on Tuesday, reaching $151.68. The company had a trading volume of 3,232,609 shares, compared to its average volume of 2,911,612. The company has a fifty day moving average of $150.70 and a two-hundred day moving average of $143.98. 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 stock has a market capitalization of $99.19 billion, a P/E ratio of 87.17, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94. Welltower Inc. has a 12 month low of $102.92 and a 12 month high of $158.55.

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

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio is currently 154.02%.

Wall Street Analyst Weigh In

WELL has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Mizuho raised their target price on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Wells Fargo & Company lifted their target price on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Wedbush restated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average 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.