Tokio Marine Asset Management Co. Ltd. Acquires 680 Shares of Welltower Inc. (NYSE:WELL)

Tokio Marine Asset Management Co. Ltd. raised its holdings in Welltower Inc. (NYSE:WELL) by 5.8% in the fourth quarter, Holdings Channel reports. The firm owned 12,436 shares of the real estate investment trust’s stock after purchasing an additional 680 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Welltower were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Bruce G. Allen Investments LLC bought a new position in shares of Welltower during the 4th quarter worth $25,000. Headlands Technologies LLC grew its holdings in shares of Welltower by 479.6% during the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 259 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in Welltower by 117.8% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 185 shares during the last quarter. Salem Investment Counselors Inc. lifted its position in shares of Welltower by 84.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 194 shares during the period. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Welltower in the 3rd quarter worth about $38,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on WELL shares. Mizuho lifted their price target on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. BNP Paribas started coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price for the company. Scotiabank lowered their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Finally, KeyCorp boosted their target price on shares of Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.57.

Welltower Trading Up 0.7 %

Shares of Welltower stock traded up $0.69 on Friday, reaching $94.69. 119,047 shares of the company were exchanged, compared to its average volume of 2,520,020. The stock has a fifty day moving average price of $92.04 and a 200-day moving average price of $89.32. The firm has a market capitalization of $55.97 billion, a price-to-earnings ratio of 146.88, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60. Welltower Inc. has a fifty-two week low of $72.47 and a fifty-two week high of $94.81.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company earned $0.83 EPS. Welltower’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, analysts expect that Welltower Inc. will post 4.04 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, February 23rd were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Thursday, February 22nd. Welltower’s payout ratio is 381.26%.

Welltower Company 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.