Mitsubishi UFJ Asset Management Co. Ltd. Purchases 82,131 Shares of Welltower Inc. (NYSE:WELL)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 864,720 shares of the real estate investment trust's stock after purchasing an additional 82,131 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Welltower worth $76,882,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Bruce G. Allen Investments LLC acquired a new position in shares of Welltower during the fourth quarter worth about $25,000. Headlands Technologies LLC lifted its stake in Welltower by 479.6% in the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 259 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in Welltower by 84.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 194 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Welltower during the 3rd quarter worth approximately $38,000. Finally, Rational Advisors LLC acquired a new stake in shares of Welltower in the third quarter valued at approximately $43,000. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BNP Paribas began coverage on shares of Welltower in a research report on Monday, March 18th. They set an "outperform" rating and a $104.00 price target on the stock. Scotiabank lowered their price target on Welltower from $97.00 to $96.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 4th. StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a research note on Tuesday, January 30th. They set a "buy" rating and a $115.00 target price for the company. Finally, Mizuho increased their price target on Welltower from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $96.07.

Welltower Stock Performance

Welltower stock traded down $0.66 during midday trading on Tuesday, hitting $98.82. The company's stock had a trading volume of 2,714,941 shares, compared to its average volume of 2,526,017. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The company has a market cap of $59.09 billion, a price-to-earnings ratio of 122.02, a PEG ratio of 2.60 and a beta of 1.07. Welltower Inc. has a 1-year low of $72.47 and a 1-year high of $100.33. The company has a 50-day moving average price of $92.98 and a two-hundred day moving average price of $90.44.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.94 by ($0.72). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The firm's quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. As a group, sell-side analysts predict that Welltower Inc. will post 4.1 earnings per share for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, May 10th. Welltower's dividend payout ratio (DPR) is currently 301.23%.

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.