Sumitomo Mitsui Trust Group Inc. Has $373.13 Million Position in Welltower Inc. (NYSE:WELL)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Welltower Inc. (NYSE:WELL) by 11.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,914,363 shares of the real estate investment trust’s stock after purchasing an additional 291,839 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.47% of Welltower worth $373,126,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WELL. Envestnet Portfolio Solutions Inc. increased its position in Welltower by 4.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,869 shares of the real estate investment trust’s stock worth $1,950,000 after acquiring an additional 888 shares during the period. Empowered Funds LLC grew its holdings in shares of Welltower by 34.8% during the 1st quarter. Empowered Funds LLC now owns 7,365 shares of the real estate investment trust’s stock worth $688,000 after purchasing an additional 1,901 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Welltower by 31.0% in the first quarter. Atomi Financial Group Inc. now owns 3,049 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 721 shares during the period. NorthRock Partners LLC raised its stake in Welltower by 20.5% in the first quarter. NorthRock Partners LLC now owns 3,529 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 601 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in Welltower by 9.4% during the first quarter. QRG Capital Management Inc. now owns 52,786 shares of the real estate investment trust’s stock worth $4,932,000 after purchasing an additional 4,515 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WELL shares. Evercore ISI boosted their target price on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Scotiabank lifted their price target on Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research note on Monday, September 23rd. Wedbush lifted their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $116.68.

Welltower Trading Down 0.4 %

NYSE:WELL opened at $137.67 on Tuesday. The firm has a fifty day simple moving average of $129.28 and a two-hundred day simple moving average of $114.53. Welltower Inc. has a 12 month low of $84.38 and a 12 month high of $140.19. The stock has a market capitalization of $85.73 billion, a price-to-earnings ratio of 90.57, a PEG ratio of 3.10 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. Analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be given a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.95%. Welltower’s payout ratio is 176.32%.

Welltower 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.