Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Welltower Inc. (NYSE:WELL – Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,966,128 shares of the real estate investment trust’s stock after buying an additional 139,771 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.29% of Welltower worth $367,548,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC raised its position in Welltower by 84.4% during the third quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Marquette Asset Management LLC grew its position in shares of Welltower by 62.8% in the 4th quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 59 shares during the period. Quarry LP acquired a new position in shares of Welltower during the 3rd quarter worth about $33,000. Financial Consulate Inc. acquired a new position in shares of Welltower during the 4th quarter worth about $34,000. Finally, MMA Asset Management LLC bought a new stake in shares of Welltower in the 3rd quarter valued at about $35,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Welltower Stock Down 1.3%
WELL opened at $214.34 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.31 and a current ratio of 4.31. The stock has a fifty day moving average of $205.96 and a 200-day moving average of $196.36. Welltower Inc. has a fifty-two week low of $142.65 and a fifty-two week high of $219.59. The company has a market capitalization of $151.30 billion, a P/E ratio of 106.11, a P/E/G ratio of 1.13 and a beta of 0.83.
Welltower Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, May 13th. Welltower’s dividend payout ratio is presently 146.53%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Royal Bank Of Canada lifted their price target on Welltower from $230.00 to $238.00 and gave the stock an “outperform” rating in a report on Monday. Morgan Stanley raised their price objective on Welltower from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. UBS Group lifted their target price on Welltower from $240.00 to $249.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp boosted their target price on Welltower from $210.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. Finally, Cantor Fitzgerald increased their price target on Welltower from $204.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.53.
View Our Latest Research Report on WELL
Welltower Profile
Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.
The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.
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