Cibc World Markets Corp Boosts Position in Welltower Inc. (NYSE:WELL)

Cibc World Markets Corp lifted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 230,918 shares of the real estate investment trust's stock after acquiring an additional 22,918 shares during the period. Cibc World Markets Corp's holdings in Welltower were worth $29,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Welltower by 638.0% during the 3rd 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 worth $886,022,000 after purchasing an additional 5,982,711 shares during the last quarter. FMR LLC increased its position in shares of Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock worth $1,847,289,000 after purchasing an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Welltower during the 4th quarter worth about $90,565,000. Finally, Amundi increased its position in shares of Welltower by 18.5% during the 4th quarter. Amundi now owns 3,773,827 shares of the real estate investment trust's stock worth $477,314,000 after purchasing an additional 589,255 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Analyst Ratings Changes

WELL has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Raymond James lifted their target price on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research report on Monday, December 16th. Wells Fargo & Company lifted their target price on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Finally, StockNews.com raised Welltower from a "sell" rating to a "hold" rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.46.

Welltower Stock Down 0.7 %

Shares of WELL traded down $0.99 during midday trading on Thursday, hitting $147.77. The company had a trading volume of 4,751,333 shares, compared to its average volume of 2,587,721. The company's 50-day simple moving average is $142.63 and its 200-day simple moving average is $134.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a market capitalization of $94.76 billion, a P/E ratio of 94.72, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55.

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

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, February 25th. Welltower's payout ratio is 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.