Sumitomo Mitsui Asset Management Company LTD trimmed its position in Welltower Inc (NYSE:WELL) by 9.6% during the 1st quarter, Holdings Channel reports. The firm owned 226,193 shares of the real estate investment trust’s stock after selling 23,945 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Welltower were worth $17,552,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. National Pension Service boosted its holdings in Welltower by 5.5% in the fourth quarter. National Pension Service now owns 451,972 shares of the real estate investment trust’s stock valued at $35,014,000 after purchasing an additional 23,419 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Welltower by 6.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,184,481 shares of the real estate investment trust’s stock worth $557,516,000 after acquiring an additional 446,202 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Welltower during the 3rd quarter worth approximately $176,871,000. Morgan Stanley purchased a new stake in shares of Welltower during the 3rd quarter worth approximately $251,445,000. Finally, Weather Gauge Advisory LLC purchased a new stake in shares of Welltower during the 1st quarter worth approximately $984,000. 84.94% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on WELL shares. Mitsubishi UFJ Financial Group boosted their price target on Welltower to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 13th. Citigroup boosted their price target on Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Royal Bank of Canada boosted their price target on Welltower to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 21st. Raymond James boosted their price target on Welltower from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price target on Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Welltower currently has an average rating of “Buy” and an average target price of $73.29.
Welltower (NYSE:WELL) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. Welltower had a return on equity of 4.97% and a net margin of 13.06%. Welltower’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. On average, research analysts predict that Welltower Inc will post 4.2 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $3.48 annualized dividend and a yield of 4.39%. Welltower’s dividend payout ratio (DPR) is presently 86.35%.
In other Welltower news, CEO Thomas J. Derosa sold 19,307 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total value of $1,504,015.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mercedes Kerr sold 5,000 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $74.50, for a total value of $372,500.00. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.
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Welltower Company Profile
Welltower Inc (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.
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