Mirae Asset Global Investments Co. Ltd. Sells 5,506 Shares of Welltower Inc. (NYSE:WELL)

Mirae Asset Global Investments Co. Ltd. trimmed its position in Welltower Inc. (NYSE:WELL) by 4.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 117,770 shares of the real estate investment trust’s stock after selling 5,506 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Welltower were worth $10,619,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Welltower in the 4th quarter worth $1,104,830,000. Deutsche Bank AG boosted its position in shares of Welltower by 426.4% in the 1st quarter. Deutsche Bank AG now owns 4,927,021 shares of the real estate investment trust’s stock worth $353,218,000 after purchasing an additional 3,991,041 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Welltower by 25.1% in the 3rd quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust’s stock worth $1,058,848,000 after purchasing an additional 2,596,718 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Welltower by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust’s stock worth $6,615,662,000 after purchasing an additional 2,156,673 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Welltower by 22.9% in the 3rd quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust’s stock worth $695,223,000 after purchasing an additional 1,581,084 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Price Performance

NYSE:WELL opened at $90.35 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22. The stock’s 50-day simple moving average is $91.50 and its 200 day simple moving average is $88.64. The company has a market cap of $53.40 billion, a P/E ratio of 141.17, a P/E/G ratio of 2.33 and a beta of 1.08. Welltower Inc. has a 52-week low of $72.47 and a 52-week high of $94.63.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Welltower had a net margin of 5.12% and a return on equity of 1.47%. Welltower’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. As a group, sell-side analysts forecast that Welltower Inc. will post 4.03 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Thursday, February 22nd. Welltower’s dividend payout ratio is currently 381.25%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WELL. KeyCorp raised their price target on Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Deutsche Bank Aktiengesellschaft began coverage on Welltower in a research report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price target on the stock. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. JPMorgan Chase & Co. raised Welltower from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $92.00 to $99.00 in a research note on Monday, December 18th. Finally, Mizuho raised their price objective on Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $95.57.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.