Welltower Inc. (NYSE:WELL) Position Boosted by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,143 shares of the real estate investment trust's stock after buying an additional 7,958 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Welltower were worth $19,893,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new position in shares of Welltower in the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower in the fourth quarter valued at $25,000. Sierra Ocean LLC purchased a new position in shares of Welltower in the fourth quarter valued at $28,000. First Command Advisory Services Inc. purchased a new position in shares of Welltower in the fourth quarter valued at $50,000. Finally, Cape Investment Advisory Inc. purchased a new position in shares of Welltower in the fourth quarter valued at $53,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WELL. Scotiabank upped their target price on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Evercore ISI upped 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. Mizuho upped their price target on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Morgan Stanley upped their price target on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $146.00 to $168.00 in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $161.83.

Welltower Stock Performance

Shares of NYSE:WELL traded up $1.73 on Friday, reaching $148.62. 2,412,621 shares of the company's stock were exchanged, compared to its average volume of 2,906,057. The firm has a market capitalization of $97.19 billion, a price-to-earnings ratio of 95.27, a PEG ratio of 2.87 and a beta of 0.94. Welltower Inc. has a fifty-two week low of $99.77 and a fifty-two week high of $158.55. The business's 50-day moving average is $147.44 and its two-hundred day moving average is $140.21. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The firm's revenue was up 30.3% compared to the same quarter last year. As a group, equities research analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is 154.02%.

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.