Welltower Inc. (NYSE:WELL) Shares Bought by Investment Management Corp of Ontario

Investment Management Corp of Ontario raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,256 shares of the real estate investment trust's stock after purchasing an additional 4,440 shares during the quarter. Investment Management Corp of Ontario's holdings in Welltower were worth $3,057,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WELL. Laurel Wealth Advisors LLC purchased a new stake in Welltower during the 4th quarter worth approximately $25,000. Roxbury Financial LLC purchased a new stake in Welltower during the 4th quarter worth approximately $26,000. Sierra Ocean LLC purchased a new stake in Welltower during the 4th quarter worth approximately $28,000. First Command Advisory Services Inc. purchased a new stake in Welltower during the 4th quarter worth approximately $50,000. Finally, Cape Investment Advisory Inc. purchased a new stake in Welltower during the 4th quarter worth approximately $53,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Welltower stock traded up $3.33 during mid-day trading on Thursday, reaching $146.73. 2,396,214 shares of the company were exchanged, compared to its average volume of 2,900,668. The firm's 50-day simple moving average is $147.40 and its two-hundred day simple moving average is $140.02. Welltower Inc. has a twelve month low of $99.30 and a twelve month high of $158.55. The firm has a market cap of $95.95 billion, a PE ratio of 94.06, 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 issued its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The business's quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.83%. Welltower's dividend payout ratio is presently 154.02%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WELL shares. Evercore ISI upped their target price on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Wedbush reissued an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Morgan Stanley increased their price objective on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of Welltower in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.