TD Asset Management Inc Acquires 7,618 Shares of Welltower Inc. (NYSE:WELL)

Key Points

• TD Asset Management Inc has increased its holdings in Welltower Inc. by 3.6%, now owning 221,912 shares valued at $33.99 million, as per its recent 13F filing.
• Welltower reported a 39.6% annual increase in revenue, achieving $2.55 billion for the quarter and surpassing analysts' expectations with an EPS of $1.28.
• The company has announced a quarterly dividend increase from $0.67 to $0.74, yielding 1.78%, with the next payment scheduled for August 21st.

TD Asset Management Inc increased its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,912 shares of the real estate investment trust's stock after purchasing an additional 7,618 shares during the quarter. TD Asset Management Inc's holdings in Welltower were worth $33,999,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WELL. Harbor Capital Advisors Inc. acquired a new stake in Welltower in the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower during the 1st quarter valued at approximately $28,000. Hughes Financial Services LLC purchased a new position in shares of Welltower during the 1st quarter valued at approximately $31,000. Franchise Capital Ltd purchased a new position in shares of Welltower during the 1st quarter valued at approximately $32,000. Finally, ZynergyRetirementPlanningLLC purchased a new position in shares of Welltower during the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Performance

Shares of WELL traded up $1.14 during mid-day trading on Friday, reaching $166.21. The company's stock had a trading volume of 1,022,662 shares, compared to its average volume of 2,978,356. Welltower Inc. has a 1-year low of $110.74 and a 1-year high of $168.84. The stock has a market cap of $108.69 billion, a P/E ratio of 93.94, a PEG ratio of 1.91 and a beta of 0.92. The business has a 50-day simple moving average of $154.79 and a two-hundred day simple moving average of $148.77. The company has a current ratio of 4.19, a quick ratio of 4.23 and a debt-to-equity ratio of 0.44.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. Welltower's quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 EPS. As a group, equities research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, August 12th. This is a boost from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio (DPR) is presently 167.23%.

Insider Buying and Selling

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were bought at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the purchase, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company's stock.

Analyst Ratings Changes

WELL has been the topic of several research analyst reports. Scotiabank restated an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Evercore ISI increased their price target on Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research report on Wednesday. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Wells Fargo & Company raised their price objective on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Finally, Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Welltower has an average rating of "Moderate Buy" and a consensus price target of $169.82.

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.