Welltower Inc. (NYSE:WELL) Stock Position Lifted by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 23.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,375 shares of the real estate investment trust's stock after buying an additional 67,787 shares during the period. Toronto Dominion Bank owned about 0.06% of Welltower worth $45,883,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Welltower by 638.0% in the third 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 valued at $886,022,000 after buying an additional 5,982,711 shares in the last quarter. FMR LLC boosted its holdings in Welltower by 38.1% in 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 acquiring an additional 3,977,845 shares during the period. Duff & Phelps Investment Management Co. acquired a new stake in Welltower in the second quarter valued at approximately $254,977,000. Wellington Management Group LLP raised its stake in shares of Welltower by 10.6% during the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock valued at $2,392,349,000 after purchasing an additional 1,797,330 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of Welltower by 24.6% during the second quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust's stock valued at $220,223,000 after purchasing an additional 417,046 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on WELL shares. Wells Fargo & Company reissued an "equal weight" rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Scotiabank upped their target price on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Finally, Evercore ISI upped their price target on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Five research 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $120.77.

Welltower Stock Performance

WELL traded down $0.10 on Thursday, hitting $128.49. 1,810,946 shares of the company's stock were exchanged, compared to its average volume of 2,689,901. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average of $132.84 and a two-hundred day moving average of $120.06. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The firm has a market cap of $80.01 billion, a PE ratio of 84.61, a P/E/G ratio of 2.95 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last announced 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 company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. On average, research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.09%. Welltower's dividend payout ratio is currently 176.32%.

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.