Cibc World Markets Corp Has $29.10 Million Stock Position in Welltower Inc. (NYSE:WELL)

Cibc World Markets Corp grew its stake in shares of Welltower Inc. (NYSE:WELL) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,918 shares of the real estate investment trust’s stock after purchasing an additional 22,918 shares during the period. Cibc World Markets Corp’s holdings in Welltower were worth $29,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Welltower during the fourth quarter valued at about $25,000. Roxbury Financial LLC acquired a new position in shares of Welltower during the fourth quarter valued at about $26,000. Sierra Ocean LLC acquired a new position in shares of Welltower during the fourth quarter valued at about $28,000. Versant Capital Management Inc raised its holdings in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in shares of Welltower during the fourth quarter valued at about $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WELL. Evercore ISI upped their price objective on shares of Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday, March 4th. Wells Fargo & Company boosted their target price on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Scotiabank boosted their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Finally, StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $150.19.

Welltower Trading Up 1.3 %

Shares of WELL stock opened at $147.85 on Monday. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The company has a 50-day simple moving average of $141.13 and a two-hundred day simple moving average of $133.82. The company has a market capitalization of $94.81 billion, a price-to-earnings ratio of 94.77, a PEG ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio is currently 171.79%.

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.