Sumitomo Mitsui DS Asset Management Company Ltd Increases Holdings in Welltower Inc. (NYSE:WELL)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Welltower Inc. (NYSE:WELL - Free Report) by 4.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,590 shares of the real estate investment trust's stock after purchasing an additional 10,082 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Welltower were worth $33,490,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock worth $527,000 after acquiring an additional 279 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Welltower by 62.0% during the 4th quarter. IFP Advisors Inc now owns 1,427 shares of the real estate investment trust's stock worth $180,000 after purchasing an additional 546 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Welltower during the 4th quarter worth approximately $407,000. Jacobi Capital Management LLC lifted its stake in Welltower by 6.9% in the 4th quarter. Jacobi Capital Management LLC now owns 2,613 shares of the real estate investment trust's stock valued at $329,000 after buying an additional 169 shares in the last quarter. Finally, Cape Investment Advisory Inc. purchased a new stake in Welltower in the 4th quarter valued at approximately $53,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The shares were acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the purchase, the director directly owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by corporate insiders.

Welltower Trading Up 1.4%

Shares of WELL traded up $2.06 during mid-day trading on Friday, hitting $152.77. The company had a trading volume of 1,513,926 shares, compared to its average volume of 2,915,102. Welltower Inc. has a 1-year low of $102.92 and a 1-year high of $158.55. The business's 50-day simple moving average is $151.06 and its 200-day simple moving average is $144.40. The stock has a market cap of $99.90 billion, a PE ratio of 87.80, a P/E/G ratio of 1.78 and a beta of 0.92. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46.

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

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid 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 1.75%. Welltower's dividend payout ratio is presently 154.02%.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Evercore ISI upped their target price 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. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Finally, Morgan Stanley boosted their price objective on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and an average target price of $168.18.

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.