Meiji Yasuda Asset Management Co Ltd. Acquires 3,327 Shares of Welltower Inc. (NYSE:WELL)

Meiji Yasuda Asset Management Co Ltd. lifted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,212 shares of the real estate investment trust's stock after purchasing an additional 3,327 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Welltower were worth $7,084,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Retirement Systems of Alabama lifted its holdings in Welltower by 3.7% in the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock worth $60,228,000 after buying an additional 16,946 shares during the period. Vestmark Advisory Solutions Inc. raised its position in shares of Welltower by 120.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock worth $1,817,000 after acquiring an additional 7,872 shares in the last quarter. Barclays PLC lifted its stake in shares of Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock valued at $215,659,000 after purchasing an additional 380,888 shares during the period. Park Avenue Securities LLC boosted its position in shares of Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock valued at $1,696,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in Welltower by 17.3% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock worth $244,114,000 after purchasing an additional 285,015 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

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Welltower Stock Up 2.3 %

Shares of Welltower stock traded up $3.47 on Friday, reaching $153.39. The company's stock had a trading volume of 2,852,597 shares, 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 firm's fifty day simple moving average is $145.78 and its two-hundred day simple moving average is $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 company has a market capitalization of $98.37 billion, a price-to-earnings ratio of 98.33, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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%. Equities analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is presently 171.79%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $145.00 to $167.00 in a report on Friday, February 14th. Wells Fargo & Company boosted their price objective 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. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Bank of America boosted their price target on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Evercore ISI raised their price objective on Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.46.

Welltower Company 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.