Tokio Marine Asset Management Co. Ltd. Has $2.26 Million Stock Position in Welltower Inc. (NYSE:WELL)

Tokio Marine Asset Management Co. Ltd. raised its holdings in Welltower Inc. (NYSE:WELL) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,636 shares of the real estate investment trust’s stock after purchasing an additional 2,305 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Welltower were worth $2,258,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WELL. Vanguard Group Inc. grew its stake in shares of Welltower by 3.8% during the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock valued at $8,333,716,000 after purchasing an additional 3,257,213 shares during the last quarter. Capital International Investors boosted its position in Welltower by 26.4% in the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock valued at $2,731,842,000 after buying an additional 6,104,064 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Welltower by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock valued at $814,678,000 after buying an additional 62,942 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of Welltower by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after buying an additional 849,898 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Welltower by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 4,026,158 shares of the real estate investment trust’s stock valued at $419,727,000 after acquiring an additional 139,430 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on WELL shares. Royal Bank of Canada lifted their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Evercore ISI increased their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Scotiabank lifted their price target on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $116.68.

Welltower Stock Performance

WELL opened at $134.42 on Friday. The company has a market capitalization of $83.70 billion, a price-to-earnings ratio of 88.43, a P/E/G ratio of 3.03 and a beta of 1.20. The business’s 50-day moving average price is $129.77 and its two-hundred day moving average price is $114.97. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The company’s revenue was up 23.7% on a year-over-year basis. Equities analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.99%. Welltower’s payout ratio is currently 176.32%.

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.