Toronto Dominion Bank Decreases Stake in Welltower Inc. (NYSE:WELL)

Toronto Dominion Bank decreased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 319,949 shares of the real estate investment trust's stock after selling 38,426 shares during the quarter. Toronto Dominion Bank owned about 0.05% of Welltower worth $40,323,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Welltower by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock valued at $12,388,151,000 after purchasing an additional 2,612,044 shares during the period. Capital International Investors increased its holdings in Welltower by 0.9% in the fourth quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock valued at $4,674,826,000 after buying an additional 318,496 shares in the last quarter. Norges Bank acquired a new stake in shares of Welltower during the 4th quarter valued at approximately $3,943,892,000. Bank of America Corp DE boosted its stake in shares of Welltower by 9.7% during the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock worth $2,357,617,000 after acquiring an additional 1,652,611 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Welltower by 9.4% in the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock worth $1,989,106,000 after acquiring an additional 1,354,231 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Performance

Shares of NYSE WELL opened at $148.62 on Friday. The company has a 50-day simple moving average of $147.44 and a 200-day simple moving average of $140.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The company has a market cap of $97.19 billion, a PE ratio of 95.27, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. Welltower Inc. has a 12 month low of $99.77 and a 12 month high of $158.55.

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

Welltower Dividend Announcement

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 issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is 154.02%.

Analyst Upgrades and Downgrades

WELL has been the subject of several research reports. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Scotiabank lifted their price target on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Evercore ISI increased their price objective on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Morgan Stanley raised their target price on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Mizuho upped their price target on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $161.83.

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.

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