Elo Mutual Pension Insurance Co Has $4.08 Million Stock Position in Welltower Inc. (NYSE:WELL)

Elo Mutual Pension Insurance Co grew its position in Welltower Inc. (NYSE:WELLFree Report) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,288 shares of the real estate investment trust’s stock after buying an additional 3,688 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Welltower were worth $4,084,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in 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 valued at $6,615,662,000 after acquiring an additional 2,156,673 shares in the last quarter. Norges Bank bought a new stake in Welltower in the 4th quarter valued at $2,453,039,000. Capital International Investors lifted its position in Welltower by 6.3% in the 4th quarter. Capital International Investors now owns 23,132,262 shares of the real estate investment trust’s stock valued at $2,085,836,000 after acquiring an additional 1,361,150 shares in the last quarter. Principal Financial Group Inc. lifted its position in Welltower by 0.7% in the 4th quarter. Principal Financial Group Inc. now owns 13,012,500 shares of the real estate investment trust’s stock valued at $1,173,337,000 after acquiring an additional 87,106 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Welltower by 22.9% in the 3rd quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust’s stock valued at $695,223,000 after acquiring an additional 1,581,084 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Activity at Welltower

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the sale, the director now owns 14,579 shares in the company, valued at $1,514,903.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by insiders.

Welltower Stock Down 0.3 %

Shares of WELL opened at $103.53 on Tuesday. The firm’s 50-day simple moving average is $96.85 and its 200 day simple moving average is $92.65. Welltower Inc. has a 52 week low of $75.86 and a 52 week high of $105.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The firm has a market cap of $61.90 billion, a P/E ratio of 127.81, a price-to-earnings-growth ratio of 2.56 and a beta of 1.16.

Welltower (NYSE:WELLGet Free Report) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. On average, analysts forecast that Welltower Inc. will post 4.12 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 13th were paid a $0.61 dividend. The ex-dividend date was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a yield of 2.36%. Welltower’s dividend payout ratio (DPR) is 301.23%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WELL shares. Mizuho boosted their price objective on shares of Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Scotiabank boosted their price target on shares of Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. BNP Paribas assumed coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Finally, StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, May 22nd. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $98.07.

Get Our Latest Report on Welltower

Welltower Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELLFree Report).

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.