Bank of Montreal Can Has $92.36 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Bank of Montreal Can decreased its stake in Welltower Inc. (NYSE:WELL - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 726,130 shares of the real estate investment trust's stock after selling 32,444 shares during the period. Bank of Montreal Can owned 0.12% of Welltower worth $92,364,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WELL. First Foundation Advisors bought a new position in Welltower in the 2nd quarter worth about $26,000. TruNorth Capital Management LLC bought a new position in Welltower in the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower in the 2nd quarter valued at approximately $30,000. Centerpoint Advisors LLC bought a new stake in Welltower during the 2nd quarter valued at $31,000. Finally, Fortitude Family Office LLC boosted its position in Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Scotiabank boosted their price target on shares of Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a research report on Monday. Royal Bank of Canada boosted their target price on Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. Wolfe Research raised Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Finally, Wedbush lifted their price target on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.50.

Welltower Trading Up 0.2 %

Shares of NYSE WELL traded up $0.34 during mid-day trading on Wednesday, hitting $139.30. 3,351,151 shares of the company traded hands, compared to its average volume of 2,693,406. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The stock has a market capitalization of $86.74 billion, a price-to-earnings ratio of 91.64, a PEG ratio of 3.04 and a beta of 1.20. The business has a 50 day moving average of $131.70 and a two-hundred day moving average of $117.80.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 earnings per share. On average, sell-side analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower's payout ratio is 176.32%.

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.