Welltower Inc. (NYSE:WELL) Stock Holdings Boosted by Korea Investment CORP

Korea Investment CORP grew its position in shares of Welltower Inc. (NYSE:WELL) by 96.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 479,945 shares of the real estate investment trust’s stock after purchasing an additional 236,233 shares during the quarter. Korea Investment CORP’s holdings in Welltower were worth $60,487,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of WELL. Financial Counselors Inc. raised its holdings in shares of Welltower by 146.4% in the 4th quarter. Financial Counselors Inc. now owns 10,272 shares of the real estate investment trust’s stock worth $1,295,000 after purchasing an additional 6,104 shares in the last quarter. Morey & Quinn Wealth Partners LLC bought a new position in shares of Welltower in the fourth quarter valued at $962,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Welltower by 44.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 402,688 shares of the real estate investment trust’s stock valued at $50,751,000 after acquiring an additional 123,228 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Welltower by 6.3% during the 4th 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 acquiring an additional 3,327 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its holdings in shares of Welltower by 5.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 7,999 shares of the real estate investment trust’s stock worth $1,008,000 after acquiring an additional 380 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.3 %

Welltower stock opened at $150.24 on Friday. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. 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 stock has a market cap of $96.35 billion, a P/E ratio of 96.31, a P/E/G ratio of 2.87 and a beta of 1.20. The company’s fifty day simple moving average is $145.31 and its 200-day simple moving average is $135.34.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.78%. Welltower’s dividend payout ratio is currently 171.79%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WELL shares. Wells Fargo & Company upped their target price on Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Scotiabank raised their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 6th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and boosted their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Mizuho raised their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Finally, Raymond James lifted their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. One research 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 data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average price target of $156.46.

About Welltower

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.