Mitsubishi UFJ Trust & Banking Corp Buys 123,228 Shares of Welltower Inc. (NYSE:WELL)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 44.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 402,688 shares of the real estate investment trust's stock after purchasing an additional 123,228 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Welltower worth $50,751,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Welltower by 6.3% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 56,212 shares of the real estate investment trust's stock worth $7,084,000 after purchasing an additional 3,327 shares in the last quarter. Prestige Wealth Management Group LLC increased its position in shares of Welltower by 5.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 7,999 shares of the real estate investment trust's stock valued at $1,008,000 after purchasing an additional 380 shares during the period. Signature Estate & Investment Advisors LLC raised its stake in shares of Welltower by 5.2% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 1,811 shares of the real estate investment trust's stock worth $228,000 after buying an additional 89 shares in the last quarter. M.D. Sass LLC acquired a new stake in shares of Welltower in the fourth quarter valued at $48,767,000. Finally, Modern Wealth Management LLC bought a new position in Welltower during the fourth quarter valued at about $5,255,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WELL shares. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and boosted their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. StockNews.com cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Wednesday. Scotiabank increased their target price on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Wells Fargo & Company increased their price objective on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $156.46.

Welltower Stock Up 2.3 %

Shares of WELL traded up $3.47 during trading hours 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. The company has a 50 day moving average of $145.78 and a two-hundred day moving average 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 firm has a market cap 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 Inc. has a 1-year low of $87.87 and a 1-year high of $158.55.

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

Welltower Announces Dividend

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

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.