CIBC Asset Management Inc Purchases 5,495 Shares of Welltower Inc. (NYSE:WELL)

CIBC Asset Management Inc boosted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,036 shares of the real estate investment trust's stock after purchasing an additional 5,495 shares during the period. CIBC Asset Management Inc's holdings in Welltower were worth $11,347,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new stake in Welltower in the fourth quarter worth about $25,000. Roxbury Financial LLC bought a new position in shares of Welltower in the fourth quarter worth approximately $26,000. Sierra Ocean LLC bought a new position in Welltower in the fourth quarter valued at $28,000. Fortitude Family Office LLC boosted its stake in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 187 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of Welltower stock traded down $1.63 during trading on Friday, reaching $148.69. The company's stock had a trading volume of 3,988,113 shares, compared to its average volume of 2,660,023. The business has a 50 day moving average price of $133.44 and a 200-day moving average price of $129.88. The company has a market capitalization of $95.35 billion, a P/E ratio of 95.31, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $152.81.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower's dividend payout ratio is presently 171.79%.

Analysts Set New Price Targets

Several analysts recently weighed in on WELL shares. Mizuho lifted their price target on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Bank of America boosted their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday. 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. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Finally, StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.19.

Welltower 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.