Mirae Asset Global Investments Co. Ltd. Grows Stake in Welltower Inc. (NYSE:WELL)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Welltower Inc. (NYSE:WELLGet Rating) by 28.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of WELL. Norges Bank purchased a new position in Welltower during the 4th quarter worth $1,334,568,000. Wellington Management Group LLP increased its holdings in shares of Welltower by 236.3% in the 1st quarter. Wellington Management Group LLP now owns 13,798,930 shares of the real estate investment trust’s stock valued at $1,326,629,000 after acquiring an additional 9,695,218 shares during the period. BlackRock Inc. increased its holdings in shares of Welltower by 8.1% in the 4th quarter. BlackRock Inc. now owns 47,651,136 shares of the real estate investment trust’s stock valued at $4,087,042,000 after acquiring an additional 3,564,148 shares during the period. Vanguard Group Inc. increased its holdings in shares of Welltower by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 71,733,837 shares of the real estate investment trust’s stock valued at $6,896,491,000 after acquiring an additional 2,912,151 shares during the period. Finally, Credit Agricole S A increased its holdings in shares of Welltower by 2,540.8% in the 4th quarter. Credit Agricole S A now owns 2,706,538 shares of the real estate investment trust’s stock valued at $232,140,000 after acquiring an additional 2,604,048 shares during the period. 97.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WELL shares. Mizuho cut 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. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. Sumitomo Mitsui Financial Group downgraded Welltower from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a report on Thursday, August 11th. JPMorgan Chase & Co. upgraded Welltower from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $94.00 to $89.00 in a research note on Wednesday, June 22nd. Finally, Capital One Financial began coverage on Welltower in a research note on Friday, June 3rd. They set an “overweight” rating and a $95.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average price target of $94.79.

Welltower Stock Performance

Shares of WELL opened at $68.99 on Thursday. The stock has a 50-day moving average of $79.26 and a two-hundred day moving average of $85.67. Welltower Inc. has a one year low of $68.97 and a one year high of $99.43. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a market cap of $31.32 billion, a P/E ratio of 77.52, a P/E/G ratio of 3.64 and a beta of 0.98.

Welltower (NYSE:WELLGet Rating) last issued its quarterly earnings results on Tuesday, August 9th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.65). Welltower had a return on equity of 2.09% and a net margin of 7.20%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm posted $0.79 EPS. The business’s revenue was up 29.1% compared to the same quarter last year. As a group, research analysts predict that Welltower Inc. will post 3.42 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 23rd were issued a $0.61 dividend. The ex-dividend date was Monday, August 22nd. This represents a $2.44 annualized dividend and a dividend yield of 3.54%. Welltower’s dividend payout ratio (DPR) is presently 274.16%.

About Welltower

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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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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