BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $14.93 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Welltower Inc. (NYSE:WELL - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,434 shares of the real estate investment trust's stock after purchasing an additional 18,670 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Welltower were worth $14,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new stake in shares of Welltower during the 4th quarter valued at $26,000. Sierra Ocean LLC acquired a new stake in shares of Welltower during the fourth quarter worth $28,000. First Command Advisory Services Inc. bought a new stake in Welltower in the fourth quarter valued at about $50,000. Cape Investment Advisory Inc. bought a new stake in Welltower in the fourth quarter valued at about $53,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Welltower in the fourth quarter valued at about $68,000. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

Shares of NYSE WELL opened at $148.36 on Thursday. The company has a fifty day moving average price of $147.62 and a 200 day moving average price of $140.51. The firm has a market cap of $97.02 billion, a PE ratio of 95.10, a PEG ratio of 2.87 and a beta of 0.94. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 1-year low of $99.77 and a 1-year high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Welltower's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. Research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.67 per share. The ex-dividend date is Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.81%. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America boosted their target price on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $146.00 to $168.00 in a report on Friday, February 28th. Wedbush reiterated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Morgan Stanley lifted their price target on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $161.83.

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.

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