Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Welltower Inc. (NYSE:WELL – Get Rating) by 28.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 74,823 shares of the real estate investment trust’s stock after purchasing an additional 16,436 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Welltower were worth $7,194,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of WELL. Parallel Advisors LLC boosted its stake in Welltower by 5.7% during the 1st quarter. Parallel Advisors LLC now owns 2,063 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 111 shares during the last quarter. National Bank of Canada FI increased its holdings in Welltower by 7.2% in the 1st quarter. National Bank of Canada FI now owns 1,676 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 112 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Welltower by 2.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 4,640 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 119 shares in the last quarter. Siemens Fonds Invest GmbH boosted its holdings in shares of Welltower by 2.9% during the 1st quarter. Siemens Fonds Invest GmbH now owns 4,471 shares of the real estate investment trust’s stock valued at $430,000 after acquiring an additional 124 shares during the last quarter. Finally, Cresset Asset Management LLC grew its stake in shares of Welltower by 2.5% in the first quarter. Cresset Asset Management LLC now owns 5,044 shares of the real estate investment trust’s stock worth $485,000 after acquiring an additional 125 shares during the period. 97.68% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on WELL shares. Capital One Financial began coverage on shares of Welltower in a report on Friday, June 3rd. They issued an “overweight” rating and a $95.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on Welltower from $100.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, September 16th. KeyCorp lowered their price target on Welltower from $98.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Mizuho lowered their price target on Welltower from $96.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, July 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $90.00 price target on shares of Welltower in a report on Wednesday, August 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $94.79.
Welltower Stock Performance
Welltower (NYSE:WELL – Get Rating) last released its earnings results on Tuesday, August 9th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.65). Welltower had a return on equity of 2.09% and a net margin of 7.20%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The business’s revenue for the quarter was up 29.1% compared to the same quarter last year. Equities research analysts forecast that Welltower Inc. will post 3.42 EPS for the current fiscal year.
Welltower Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 23rd were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Monday, August 22nd. Welltower’s dividend payout ratio is currently 274.16%.
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.
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