Mitsubishi UFJ Trust & Banking Corp Has $50.75 Million Stock Position in Welltower Inc. (NYSE:WELL)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 44.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 402,688 shares of the real estate investment trust’s stock after buying an additional 123,228 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Welltower were worth $50,751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Welltower by 6.3% during the fourth 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. Prestige Wealth Management Group LLC boosted its stake in 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 purchasing an additional 380 shares during the period. Signature Estate & Investment Advisors LLC increased its holdings in Welltower by 5.2% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 1,811 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 89 shares in the last quarter. M.D. Sass LLC acquired a new stake in shares of Welltower in the 4th quarter valued at about $48,767,000. Finally, Modern Wealth Management LLC bought a new stake in shares of Welltower in the fourth quarter valued at about $5,255,000. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Scotiabank lifted their price objective on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a report on Thursday, March 6th. Mizuho lifted their price target on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Evercore ISI increased their price objective on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 4th. Raymond James raised their price objective on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Finally, Bank of America upped their target price on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Stock Performance

Shares of Welltower stock opened at $148.34 on Wednesday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market cap of $95.13 billion, a PE ratio of 95.09, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a 50 day moving average of $144.41 and a 200-day moving average of $135.13. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders 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 dividend yield of 1.81%. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

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.