Nomura Asset Management Co. Ltd. Acquires 62,289 Shares of Welltower Inc. (NYSE:WELL)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 8.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 771,203 shares of the real estate investment trust’s stock after purchasing an additional 62,289 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.14% of Welltower worth $69,539,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WELL. Bruce G. Allen Investments LLC purchased a new stake in Welltower during the 4th quarter valued at $25,000. Headlands Technologies LLC boosted its position in Welltower by 479.6% during the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 259 shares during the period. Salem Investment Counselors Inc. boosted its position in Welltower by 84.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 194 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of Welltower in the 3rd quarter worth about $38,000. Finally, Rational Advisors LLC purchased a new stake in shares of Welltower in the 3rd quarter worth about $43,000. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WELL. Deutsche Bank Aktiengesellschaft began coverage on shares of Welltower in a research report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price for the company. Scotiabank raised their target price on shares of Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Mizuho raised their target price on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, BNP Paribas initiated coverage on shares of Welltower in a research note on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target for the company. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.93.

Welltower Stock Performance

Shares of Welltower stock traded up $0.91 during trading on Friday, hitting $100.87. 1,922,161 shares of the company’s stock traded hands, compared to its average volume of 2,489,170. Welltower Inc. has a 1 year low of $72.47 and a 1 year high of $102.66. The business has a 50-day simple moving average of $94.34 and a 200-day simple moving average of $91.25. The stock has a market capitalization of $60.31 billion, a P/E ratio of 124.32, a PEG ratio of 2.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. As a group, analysts forecast that Welltower Inc. will post 4.11 EPS for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.42%. Welltower’s dividend payout ratio (DPR) is currently 301.23%.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.