Summit Global Investments Grows Stake in Welltower Inc. (NYSE:WELL)

Summit Global Investments grew its stake in shares of Welltower Inc. (NYSE:WELL) by 46.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,109 shares of the real estate investment trust’s stock after purchasing an additional 3,184 shares during the quarter. Summit Global Investments’ holdings in Welltower were worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vestmark Advisory Solutions Inc. increased its position in Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock worth $1,817,000 after buying an additional 7,872 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Welltower by 30.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust’s stock worth $68,666,000 after acquiring an additional 128,090 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Welltower by 17.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock valued at $244,114,000 after acquiring an additional 285,015 shares during the period. Whipplewood Advisors LLC purchased a new stake in Welltower in the 4th quarter valued at $367,000. Finally, Groupama Asset Managment boosted its stake in Welltower by 23,204.3% during the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust’s stock worth $2,183,000 after purchasing an additional 1,891,847 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.9%

Shares of WELL stock opened at $152.99 on Friday. The stock has a market cap of $100.05 billion, a P/E ratio of 98.07, a P/E/G ratio of 2.87 and a beta of 0.94. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a fifty-two week low of $100.13 and a fifty-two week high of $158.55. The business has a fifty day simple moving average of $147.78 and a 200-day simple moving average of $141.11.

Welltower (NYSE:WELL) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.75%. The ex-dividend date was Wednesday, May 14th. Welltower’s payout ratio is 154.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Evercore ISI upped their target price on shares of Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a report on Thursday, May 1st. Scotiabank increased their price objective on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Morgan Stanley boosted their target price on Welltower from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Bank of America lifted their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Wedbush reissued an “underperform” rating on shares of Welltower in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $161.83.

Welltower Company 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.