Northwest & Ethical Investments L.P. Makes New Investment in Welltower Inc. (NYSE:WELL)

Northwest & Ethical Investments L.P. acquired a new position in Welltower Inc. (NYSE:WELL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,266 shares of the real estate investment trust's stock, valued at approximately $802,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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. Public Sector Pension Investment Board increased its position in Welltower by 17.7% in the third quarter. Public Sector Pension Investment Board now owns 101,662 shares of the real estate investment trust's stock worth $13,016,000 after buying an additional 15,313 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Welltower by 11.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416,748 shares of the real estate investment trust's stock valued at $53,356,000 after buying an additional 41,298 shares during the period. CreativeOne Wealth LLC lifted its position in shares of Welltower by 6.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 9,737 shares of the real estate investment trust's stock valued at $1,247,000 after buying an additional 563 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of Welltower by 8.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,702 shares of the real estate investment trust's stock worth $858,000 after acquiring an additional 543 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Price Performance

NYSE:WELL traded down $1.12 during trading hours on Friday, hitting $138.18. 2,149,196 shares of the company's stock traded hands, compared to its average volume of 2,691,050. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The business's fifty day simple moving average is $132.24 and its two-hundred day simple moving average is $118.22. 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 firm has a market cap of $86.04 billion, a P/E ratio of 90.91, a P/E/G ratio of 3.12 and a beta of 1.20.

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 (EPS) 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 the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business's revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. On average, research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Wednesday, November 13th. Welltower's payout ratio is 176.32%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WELL. Scotiabank boosted their price objective on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. Wells Fargo & Company reissued an "equal weight" rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Royal Bank of Canada raised their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Finally, Evercore ISI raised their price target on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.50.

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.