National Bank of Canada FI Purchases 230,314 Shares of Welltower Inc. (NYSE:WELL)

National Bank of Canada FI lifted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 97.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 465,559 shares of the real estate investment trust's stock after acquiring an additional 230,314 shares during the period. National Bank of Canada FI owned approximately 0.07% of Welltower worth $58,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WELL. Retirement Systems of Alabama boosted its stake in Welltower by 3.7% during 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 acquiring an additional 16,946 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of Welltower by 120.3% during the 4th 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 in the last quarter. Barclays PLC grew its stake in shares of Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock valued at $215,659,000 after buying an additional 380,888 shares during the period. Park Avenue Securities LLC grew its stake in shares of 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 valued at $1,696,000 after buying an additional 2,250 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in Welltower by 17.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock valued at $244,114,000 after buying an additional 285,015 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

WELL has been the subject of a number of research reports. Raymond James raised their price objective on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Monday, December 16th. Wedbush raised shares of Welltower from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and upped their price objective for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Finally, Evercore ISI boosted their target price on shares of Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $156.46.

Welltower Stock Performance

Shares of NYSE WELL traded down $9.17 during midday trading on Friday, reaching $143.26. The company's stock had a trading volume of 4,825,263 shares, compared to its average volume of 2,834,574. The stock has a market capitalization of $92.89 billion, a P/E ratio of 91.83, a PEG ratio of 2.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a 50 day moving average price of $147.64 and a 200-day moving average price of $136.35. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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, equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio is 171.79%.

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.