National Bank of Canada FI Raises Position in Welltower Inc. (NYSE:WELL)

National Bank of Canada FI boosted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 43.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 235,245 shares of the real estate investment trust's stock after acquiring an additional 70,914 shares during the quarter. National Bank of Canada FI's holdings in Welltower were worth $30,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. First Foundation Advisors acquired a new position in shares of Welltower during the second quarter worth about $26,000. TruNorth Capital Management LLC acquired a new position in Welltower during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new position in Welltower during the 2nd quarter worth approximately $30,000. Centerpoint Advisors LLC purchased a new position in shares of Welltower during the 2nd quarter worth approximately $31,000. Finally, Fortitude Family Office LLC lifted its holdings in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 78 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Trading Down 1.5 %

Shares of NYSE:WELL traded down $1.92 during trading on Monday, reaching $129.45. The stock had a trading volume of 3,751,945 shares, compared to its average volume of 2,695,734. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market cap of $80.61 billion, a P/E ratio of 85.16, a PEG ratio of 2.95 and a beta of 1.20. The business has a fifty day moving average price of $132.77 and a 200-day moving average price of $119.80. 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 issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. As a group, analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal 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 given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Wednesday, November 13th. Welltower's dividend payout ratio (DPR) is currently 176.32%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Scotiabank increased their target price on shares of Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Wells Fargo & Company restated an "equal weight" rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Mizuho lifted their price objective on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.77.

About Welltower

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.