Sumitomo Mitsui Trust Holdings Inc. Has $126.83 Million Holdings in Welltower Inc (WELL)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Welltower Inc (NYSE:WELL) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,634,449 shares of the real estate investment trust’s stock after selling 114,860 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Welltower were worth $126,833,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kaizen Advisory LLC boosted its position in shares of Welltower by 16.6% during the 4th quarter. Kaizen Advisory LLC now owns 971 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 138 shares in the last quarter. CFO4Life Group LLC boosted its position in shares of Welltower by 4.2% during the 4th quarter. CFO4Life Group LLC now owns 3,450 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 139 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in shares of Welltower by 3.9% during the 1st quarter. Gilman Hill Asset Management LLC now owns 3,824 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 144 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Welltower by 1.5% during the 4th quarter. Sigma Planning Corp now owns 10,048 shares of the real estate investment trust’s stock worth $697,000 after acquiring an additional 149 shares in the last quarter. Finally, Girard Partners LTD. boosted its position in shares of Welltower by 4.3% during the 4th quarter. Girard Partners LTD. now owns 3,753 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 84.94% of the company’s stock.

Shares of NYSE WELL traded down $0.14 during mid-day trading on Wednesday, reaching $79.86. 31,366 shares of the company’s stock traded hands, compared to its average volume of 2,083,338. The stock has a market capitalization of $32.40 billion, a P/E ratio of 19.76, a P/E/G ratio of 3.37 and a beta of 0.43. Welltower Inc has a 1-year low of $54.55 and a 1-year high of $80.40. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.84 and a quick ratio of 1.84.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. As a group, equities research analysts anticipate that Welltower Inc will post 4.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Monday, May 13th. Welltower’s dividend payout ratio is currently 86.35%.

Several analysts recently issued reports on WELL shares. Morgan Stanley increased their price target on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Citigroup raised their target price on shares of Welltower from $71.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. Royal Bank of Canada raised their target price on shares of Welltower to $76.00 and gave the company a “sector perform” rating in a research report on Thursday, February 21st. Mitsubishi UFJ Financial Group raised their target price on shares of Welltower to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, February 13th. Finally, Raymond James raised their target price on shares of Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $73.29.

In other news, EVP Mercedes Kerr sold 5,000 shares of Welltower stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $74.50, for a total transaction of $372,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas J. Derosa sold 19,307 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total transaction of $1,504,015.30. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

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About Welltower

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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