Bank of Montreal Can Has $78.80 Million Stake in Welltower Inc. (NYSE:WELL)

Bank of Montreal Can trimmed its position in Welltower Inc. (NYSE:WELL - Free Report) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 625,207 shares of the real estate investment trust's stock after selling 100,923 shares during the period. Bank of Montreal Can owned approximately 0.10% of Welltower worth $78,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its position in Welltower by 3.7% in the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock worth $60,228,000 after buying an additional 16,946 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of 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 purchasing an additional 7,872 shares during the period. Barclays PLC lifted its holdings in shares of Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock valued at $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Welltower by 30.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock valued at $68,666,000 after purchasing an additional 128,090 shares during the period. Finally, Park Avenue Securities LLC increased its stake in Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock worth $1,696,000 after purchasing an additional 2,250 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

WELL has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a report on Tuesday, March 4th. Bank of America lifted their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company raised Welltower from an "equal weight" rating to an "overweight" rating and set a $158.00 price objective for the company in a research note on Tuesday, April 8th. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and lifted their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Finally, Scotiabank increased their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.46.

Welltower Stock Performance

WELL stock traded up $2.14 during midday trading on Monday, hitting $144.81. 579,787 shares of the company traded hands, compared to its average volume of 2,859,512. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The stock has a market capitalization of $93.90 billion, a price-to-earnings ratio of 92.83, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The business has a 50 day simple moving average of $147.95 and a 200-day simple moving average of $136.97.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, equities research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.85%. Welltower's dividend payout ratio (DPR) is presently 171.79%.

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.