Caisse DE Depot ET Placement DU Quebec Makes New $15.36 Million Investment in Welltower Inc. (NYSE:WELL)

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 120,000 shares of the real estate investment trust's stock, valued at approximately $15,364,000.

A number of other institutional investors and hedge funds have also modified their holdings of WELL. Fred Alger Management LLC raised its stake in shares of Welltower by 67.0% in the third quarter. Fred Alger Management LLC now owns 73,033 shares of the real estate investment trust's stock valued at $9,350,000 after acquiring an additional 29,306 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Welltower by 6.8% in the third quarter. Rockefeller Capital Management L.P. now owns 70,276 shares of the real estate investment trust's stock valued at $8,988,000 after purchasing an additional 4,470 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Welltower during the third quarter valued at $802,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust's stock valued at $886,022,000 after acquiring an additional 5,982,711 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in Welltower by 17.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 101,662 shares of the real estate investment trust's stock valued at $13,016,000 after purchasing an additional 15,313 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Down 2.9 %

Shares of NYSE WELL traded down $4.07 during midday trading on Monday, reaching $134.11. The company's stock had a trading volume of 2,415,958 shares, compared to its average volume of 2,689,866. The stock has a 50 day simple moving average of $132.24 and a 200-day simple moving average of $118.48. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $83.51 billion, a price-to-earnings ratio of 88.18, a PEG ratio of 3.10 and a beta of 1.20. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The company's quarterly revenue was up 23.7% on a year-over-year basis. Equities research analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.00%. Welltower's dividend payout ratio is presently 176.32%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Friday, August 9th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Evercore ISI raised their target price on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Wedbush upped their price target on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Finally, StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Five research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.50.

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.