Columbia Asset Management increased its holdings in Welltower Inc (NYSE:WELL) by 199.7% in the first quarter, HoldingsChannel reports. The firm owned 7,001 shares of the real estate investment trust’s stock after purchasing an additional 4,665 shares during the period. Columbia Asset Management’s holdings in Welltower were worth $405,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc acquired a new position in Welltower during the 3rd quarter worth $3,075,144,000. Norges Bank acquired a new position in shares of Welltower during the fourth quarter valued at about $248,512,000. Oregon Public Employees Retirement Fund raised its position in shares of Welltower by 6,756.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,807,357 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 2,766,411 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of Welltower by 9.6% during the fourth quarter. Cohen & Steers Inc. now owns 24,865,579 shares of the real estate investment trust’s stock valued at $1,725,920,000 after buying an additional 2,173,416 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Welltower by 154.5% during the first quarter. American Century Companies Inc. now owns 3,020,615 shares of the real estate investment trust’s stock valued at $234,400,000 after buying an additional 1,833,933 shares during the last quarter. Hedge funds and other institutional investors own 87.07% of the company’s stock.

A number of brokerages have recently commented on WELL. Scotiabank set a $80.00 price objective on shares of Welltower and gave the company a “hold” rating in a research report on Friday. Raymond James lowered shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 price objective for the company. in a research report on Thursday. They noted that the move was a valuation call. Deutsche Bank upped their price objective on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research report on Friday, March 29th. Morgan Stanley upped their price objective on shares of Welltower from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, BMO Capital Markets raised shares of Welltower from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $73.00 to $86.00 in a research report on Tuesday, May 7th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $74.02.

In related news, CEO Thomas J. Derosa sold 19,307 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 0.15% of the company’s stock.

NYSE WELL opened at $82.28 on Monday. The stock has a market capitalization of $33.32 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 4.04 and a beta of 0.30. Welltower Inc has a twelve month low of $56.60 and a twelve month high of $83.87. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.79.

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 the Zacks’ consensus estimate of $1.02. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. As a group, research analysts anticipate that Welltower Inc will post 4.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were paid a $0.87 dividend. The ex-dividend date was Monday, May 13th. This represents a $3.48 dividend on an annualized basis and a yield of 4.23%. Welltower’s payout ratio is currently 86.35%.

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About Welltower

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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Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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