TD Waterhouse Canada Inc. Increases Position in Welltower Inc. (NYSE:WELL)

TD Waterhouse Canada Inc. increased its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1,513.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,082 shares of the real estate investment trust's stock after buying an additional 17,899 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Welltower were worth $2,402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WELL. Barclays PLC lifted its stake in Welltower by 29.2% during 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 acquiring an additional 380,888 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Welltower during the third quarter valued at about $337,000. Tidal Investments LLC grew its position in Welltower by 46.2% in the 3rd quarter. Tidal Investments LLC now owns 21,016 shares of the real estate investment trust's stock worth $2,691,000 after purchasing an additional 6,639 shares in the last quarter. Synovus Financial Corp lifted its position in shares of Welltower by 51.3% during the 3rd quarter. Synovus Financial Corp now owns 3,326 shares of the real estate investment trust's stock worth $426,000 after buying an additional 1,128 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Welltower by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 391,264 shares of the real estate investment trust's stock worth $49,925,000 after buying an additional 12,265 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Welltower Price Performance

NYSE:WELL traded down $0.77 during mid-day trading on Friday, hitting $146.98. 1,530,970 shares of the stock traded hands, compared to its average volume of 2,871,768. The business's 50-day moving average price is $148.01 and its 200 day moving average price is $138.31. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market cap of $95.76 billion, a PE ratio of 94.22, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. Welltower Inc. has a 12-month low of $93.72 and a 12-month high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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%. On average, analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.82%. Welltower's dividend payout ratio (DPR) is presently 171.79%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WELL. Mizuho increased their price target on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Evercore ISI increased their price target on shares of Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research report on Tuesday, March 4th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Welltower in a research note on Thursday, April 17th. Scotiabank raised their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Welltower presently has an average rating of "Moderate Buy" and an average price target of $156.46.

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.