Sumitomo Mitsui Trust Holdings Inc. Has $220.62 Million Holdings in Welltower Inc. (NYSE:WELL)

Sumitomo Mitsui Trust Holdings Inc. raised its stake in Welltower Inc. (NYSE:WELL - Free Report) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,446,694 shares of the real estate investment trust's stock after acquiring an additional 126,949 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.44% of Welltower worth $220,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Welltower during the fourth quarter worth about $1,104,830,000. Deutsche Bank AG raised its holdings in Welltower by 426.4% during the first quarter. Deutsche Bank AG now owns 4,927,021 shares of the real estate investment trust's stock worth $353,218,000 after purchasing an additional 3,991,041 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Welltower by 25.1% during the third quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust's stock worth $1,058,848,000 after purchasing an additional 2,596,718 shares in the last quarter. Vanguard Group Inc. raised its holdings in Welltower by 2.7% during the third quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust's stock worth $6,615,662,000 after purchasing an additional 2,156,673 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Welltower by 22.9% during the third quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust's stock worth $695,223,000 after purchasing an additional 1,581,084 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Welltower in a report on Tuesday, January 30th. They set a "buy" rating and a $115.00 price target for the company. Scotiabank dropped their target price on shares of Welltower from $97.00 to $96.00 and set a "sector outperform" rating for the company in a report on Monday, March 4th. BNP Paribas initiated coverage on shares of Welltower in a report on Monday, March 18th. They issued an "outperform" rating and a $104.00 target price for the company. Mizuho increased their target price on shares of Welltower from $90.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. raised shares of Welltower from a "neutral" rating to an "overweight" rating and increased their target price for the company from $92.00 to $99.00 in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.57.

Welltower Trading Down 0.7 %

NYSE WELL traded down $0.67 during mid-day trading on Monday, reaching $89.12. 1,547,952 shares of the stock were exchanged, compared to its average volume of 2,578,940. Welltower Inc. has a 1-year low of $72.47 and a 1-year high of $94.63. The business's fifty day simple moving average is $91.53 and its 200 day simple moving average is $88.80. The stock has a market capitalization of $52.67 billion, a PE ratio of 138.64, a PEG ratio of 2.28 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business posted $0.83 EPS. The firm's revenue was up 15.2% compared to the same quarter last year. On average, research analysts anticipate that Welltower Inc. will post 4.03 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 dividend on an annualized basis and a yield of 2.74%. Welltower's dividend payout ratio (DPR) is currently 381.25%.

Welltower Company Profile

Welltower Inc NYSE: WELL, a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.