Fifth Third Bancorp Has $12.33 Million Holdings in Welltower Inc. (NYSE:WELL)

Fifth Third Bancorp boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 37.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,460 shares of the real estate investment trust's stock after acquiring an additional 21,988 shares during the quarter. Fifth Third Bancorp's holdings in Welltower were worth $12,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Geller Advisors LLC boosted its holdings in Welltower by 3.7% during the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock valued at $241,000 after acquiring an additional 69 shares during the period. Sivia Capital Partners LLC grew its holdings in Welltower by 4.3% in the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock valued at $273,000 after buying an additional 73 shares during the last quarter. Woodmont Investment Counsel LLC increased its position in Welltower by 3.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock worth $279,000 after buying an additional 81 shares during the period. Versant Capital Management Inc increased its position in Welltower by 27.0% in the 1st 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 during the period. Finally, Wealthspire Advisors LLC lifted its holdings in shares of Welltower by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Price Performance

WELL stock traded up $0.31 during midday trading on Friday, reaching $152.22. 2,487,399 shares of the company's stock traded hands, compared to its average volume of 2,926,409. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market cap of $99.54 billion, a price-to-earnings ratio of 97.58, a PEG ratio of 2.87 and a beta of 0.94. The company has a 50-day simple moving average of $148.35 and a two-hundred day simple moving average of $142.20. Welltower Inc. has a 1-year low of $100.13 and a 1-year high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The firm's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 earnings per share. On average, analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio is currently 154.02%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WELL shares. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Wells Fargo & Company upped 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. Scotiabank lifted their target price on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Finally, Evercore ISI boosted their price objective on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Welltower has an average rating of "Moderate Buy" and an average target price of $163.25.

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.