Westpac Banking Corp boosted its position in shares of Welltower Inc (NYSE:WELL) by 0.7% during the first quarter, HoldingsChannel.com reports. The fund owned 506,776 shares of the real estate investment trust’s stock after acquiring an additional 3,689 shares during the quarter. Welltower accounts for 0.6% of Westpac Banking Corp’s investment portfolio, making the stock its 26th largest holding. Westpac Banking Corp’s holdings in Welltower were worth $39,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WELL. Vanguard Group Inc bought a new stake in Welltower during the 3rd quarter worth approximately $3,075,144,000. Norges Bank bought a new stake in Welltower during the 4th quarter worth approximately $248,512,000. Oregon Public Employees Retirement Fund raised its stake in Welltower by 6,756.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,807,357 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 2,766,411 shares during the period. Cohen & Steers Inc. raised its stake in Welltower by 9.6% during the 4th quarter. Cohen & Steers Inc. now owns 24,865,579 shares of the real estate investment trust’s stock worth $1,725,920,000 after acquiring an additional 2,173,416 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Welltower by 378.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,941,356 shares of the real estate investment trust’s stock worth $150,651,000 after acquiring an additional 1,535,700 shares during the period. Institutional investors own 87.07% of the company’s stock.

In related news, CEO Thomas J. Derosa sold 19,307 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $77.90, for a total value of $1,504,015.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

Shares of WELL stock traded up $0.31 on Wednesday, reaching $82.42. The company’s stock had a trading volume of 114,805 shares, compared to its average volume of 2,055,218. Welltower Inc has a 1 year low of $56.60 and a 1 year high of $83.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $33.38 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 4.09 and a beta of 0.30.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.02. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm posted $0.99 earnings per share. Welltower’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts predict that Welltower Inc will post 4.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Monday, May 13th. Welltower’s dividend payout ratio (DPR) is presently 86.35%.

A number of equities research analysts have issued reports on WELL shares. BMO Capital Markets reaffirmed a “hold” rating and set a $73.00 price objective on shares of Welltower in a report on Wednesday, May 1st. Raymond James increased their price objective on shares of Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, February 26th. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group increased their price objective on shares of Welltower to $82.00 and gave the company an “overweight” rating in a report on Wednesday, February 13th. Deutsche Bank increased their price objective on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a report on Friday, March 29th. Finally, Citigroup increased their price objective on shares of Welltower from $71.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Welltower has an average rating of “Buy” and a consensus target price of $73.29.

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Welltower Company Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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