Elo Mutual Pension Insurance Co Acquires 8,983 Shares of Welltower Inc. (NYSE:WELL)

Elo Mutual Pension Insurance Co boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,764 shares of the real estate investment trust's stock after purchasing an additional 8,983 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Welltower were worth $7,784,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WELL. Connor Clark & Lunn Investment Management Ltd. bought a new position in Welltower in the third quarter worth about $1,497,000. Great Valley Advisor Group Inc. grew its holdings in Welltower by 22.3% during the third quarter. Great Valley Advisor Group Inc. now owns 4,386 shares of the real estate investment trust's stock worth $562,000 after acquiring an additional 800 shares during the period. Kingsview Wealth Management LLC increased its holdings in shares of Welltower by 4.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 4,966 shares of the real estate investment trust's stock valued at $636,000 after purchasing an additional 200 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Welltower in the third quarter worth about $81,000. Finally, Centaurus Financial Inc. purchased a new position in Welltower during the third quarter worth approximately $101,000. 94.80% of the stock is owned by institutional investors.

Welltower Stock Performance

WELL stock traded up $3.47 during trading on Friday, hitting $153.39. 2,852,597 shares of the company's stock traded hands, compared to its average volume of 2,802,695. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The stock has a fifty day moving average price of $145.78 and a two-hundred day moving average price of $135.57. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $98.37 billion, a price-to-earnings ratio of 98.33, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20.

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Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Tuesday, February 25th. Welltower's dividend payout ratio is 171.79%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WELL. Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Evercore ISI increased their price objective on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 4th. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and increased their price objective for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Wells Fargo & Company upped their target price on shares of Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Finally, Bank of America boosted their price objective on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $156.46.

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.