Mackenzie Financial Corp Decreases Holdings in Welltower Inc. (NYSE:WELL)

Mackenzie Financial Corp lowered its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 16.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 233,792 shares of the real estate investment trust's stock after selling 47,677 shares during the period. Mackenzie Financial Corp's holdings in Welltower were worth $29,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vestmark Advisory Solutions Inc. increased its position in shares of Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock worth $1,817,000 after purchasing an additional 7,872 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Welltower by 30.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock worth $68,666,000 after purchasing an additional 128,090 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Welltower by 17.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock worth $244,114,000 after purchasing an additional 285,015 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Welltower during the fourth quarter worth about $367,000. Finally, Groupama Asset Managment increased its position in shares of Welltower by 23,204.3% during the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock worth $2,183,000 after purchasing an additional 1,891,847 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on WELL. Scotiabank boosted their price target on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research report on Thursday, March 6th. Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Wells Fargo & Company restated an "equal weight" rating on shares of Welltower in a research report on Thursday, April 17th. Mizuho boosted 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. Finally, Bank of America boosted their price target on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and an average price target of $161.83.

Welltower Stock Performance

WELL traded up $0.16 during trading on Friday, reaching $153.23. The company's stock had a trading volume of 876,504 shares, compared to its average volume of 2,904,820. Welltower Inc. has a 52-week low of $100.13 and a 52-week high of $158.55. The company's fifty day moving average price is $147.78 and its 200-day moving average price is $141.11. The company has a market capitalization of $100.20 billion, a price-to-earnings ratio of 98.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

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

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is 154.02%.

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.