Elo Mutual Pension Insurance Co Grows Position in Welltower Inc. (NYSE:WELL)

Elo Mutual Pension Insurance Co grew its stake in Welltower Inc. (NYSE:WELL) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,764 shares of the real estate investment trust’s stock after buying an additional 8,983 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Welltower were worth $7,784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WELL. Roxbury Financial LLC purchased a new position in Welltower in the 4th quarter worth $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Welltower during the fourth quarter worth about $25,000. Sierra Ocean LLC acquired a new stake in shares of Welltower during the fourth quarter worth about $28,000. Versant Capital Management Inc boosted its position in Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in Welltower in the 4th quarter worth approximately $50,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and upped their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Mizuho increased their price target on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Raymond James lifted their price objective on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Evercore ISI lifted their price target on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Stock Performance

NYSE:WELL opened at $149.78 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market capitalization of $96.06 billion, a PE ratio of 96.01, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The company has a fifty day moving average of $144.88 and a two-hundred day moving average of $135.23.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders 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 yield of 1.79%. Welltower’s payout ratio is currently 171.79%.

Welltower Profile

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.