Mirae Asset Global Investments Co. Ltd. raised its stake in Welltower Inc. (NYSE:WELL – Get Rating) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,230 shares of the real estate investment trust’s stock after acquiring an additional 12,997 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Welltower were worth $6,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of WELL. Cohen & Steers Inc. boosted its stake in Welltower by 17.6% in the third quarter. Cohen & Steers Inc. now owns 40,144,429 shares of the real estate investment trust’s stock valued at $2,581,775,000 after acquiring an additional 6,010,798 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Welltower by 49.5% in the fourth quarter. Principal Financial Group Inc. now owns 10,232,143 shares of the real estate investment trust’s stock valued at $670,717,000 after buying an additional 3,386,635 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Welltower by 2.3% in the third quarter. Vanguard Group Inc. now owns 74,487,135 shares of the real estate investment trust’s stock valued at $4,791,012,000 after buying an additional 1,674,989 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Welltower by 19.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 10,209,872 shares of the real estate investment trust’s stock valued at $669,257,000 after buying an additional 1,645,769 shares during the last quarter. Finally, PGGM Investments purchased a new stake in shares of Welltower in the third quarter valued at about $72,511,000. Institutional investors and hedge funds own 95.78% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on WELL. Wells Fargo & Company began coverage on shares of Welltower in a report on Wednesday, April 19th. They issued an “overweight” rating and a $85.00 target price for the company. Citigroup raised shares of Welltower from a “neutral” rating to a “buy” rating and upped their target price for the company from $70.00 to $81.00 in a report on Wednesday, April 5th. Evercore ISI raised shares of Welltower from an “in-line” rating to an “outperform” rating and set a $81.00 target price for the company in a report on Tuesday, April 11th. Royal Bank of Canada increased their price target on shares of Welltower from $82.00 to $87.00 in a report on Tuesday, May 16th. Finally, StockNews.com initiated coverage on shares of Welltower in a report on Thursday, May 18th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.29.
Welltower Trading Down 0.1 %
Welltower (NYSE:WELL – Get Rating) last issued its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.77). Welltower had a net margin of 1.74% and a return on equity of 0.51%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business posted $0.82 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, research analysts anticipate that Welltower Inc. will post 3.46 EPS for the current fiscal year.
Welltower Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 16th will be given a $0.61 dividend. The ex-dividend date is Monday, May 15th. This represents a $2.44 annualized dividend and a dividend yield of 3.19%. Welltower’s dividend payout ratio is presently 1,060.87%.
Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.
- Get a free copy of the StockNews.com research report on Welltower (WELL)
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