CIBC Asset Management Inc increased its stake in Welltower Inc. (NYSE:WELL - Free Report) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,541 shares of the real estate investment trust's stock after purchasing an additional 4,622 shares during the quarter. CIBC Asset Management Inc's holdings in Welltower were worth $10,824,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Balboa Wealth Partners increased its stake in Welltower by 42.8% in the 3rd quarter. Balboa Wealth Partners now owns 3,758 shares of the real estate investment trust's stock worth $481,000 after buying an additional 1,126 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Welltower by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 11,891 shares of the real estate investment trust's stock worth $1,522,000 after acquiring an additional 205 shares during the period. Impax Asset Management Group plc grew its position in shares of Welltower by 23.5% during the third quarter. Impax Asset Management Group plc now owns 36,375 shares of the real estate investment trust's stock worth $4,657,000 after purchasing an additional 6,927 shares in the last quarter. ING Groep NV bought a new stake in Welltower during the 3rd quarter valued at approximately $3,481,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in Welltower by 15.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,636 shares of the real estate investment trust's stock worth $2,258,000 after purchasing an additional 2,305 shares in the last quarter. Institutional investors own 94.80% of the company's stock.
Analyst Ratings Changes
WELL has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Wolfe Research raised Welltower to a "strong-buy" rating in a report on Friday, August 9th. StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their price objective on Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. Finally, Wedbush raised their target price on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.68.
Check Out Our Latest Research Report on Welltower
Welltower Stock Performance
WELL opened at $136.02 on Friday. The firm's fifty day simple moving average is $130.20 and its two-hundred day simple moving average is $115.52. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19. The company has a market cap of $84.70 billion, a price-to-earnings ratio of 89.49, a PEG ratio of 3.05 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The firm's revenue for the quarter was up 23.7% compared to the same quarter last year. Equities analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. Welltower's dividend payout ratio is currently 176.32%.
Welltower Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
