Investment Management Corp of Ontario Purchases 4,440 Shares of Welltower Inc. (NYSE:WELL)

Investment Management Corp of Ontario increased its position in shares of Welltower Inc. (NYSE:WELL) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,256 shares of the real estate investment trust’s stock after acquiring 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.

Several other large investors have also recently modified their holdings of WELL. Laurel Wealth Advisors LLC bought a new position in shares of Welltower during the 4th quarter worth approximately $25,000. Roxbury Financial LLC bought a new position in shares of Welltower during the 4th quarter worth approximately $26,000. Sierra Ocean LLC bought a new position in shares of Welltower during the 4th quarter worth approximately $28,000. First Command Advisory Services Inc. bought a new position in shares of Welltower during the 4th quarter worth approximately $50,000. Finally, Cape Investment Advisory Inc. bought a new position in shares of Welltower during the 4th quarter worth approximately $53,000. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on WELL. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday. Bank of America raised their price target on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Scotiabank raised their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 6th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Welltower in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $161.83.

Welltower Stock Up 0.8%

NYSE:WELL opened at $149.38 on Monday. The firm has a market capitalization of $97.69 billion, a P/E ratio of 95.76, a PEG ratio of 2.87 and a beta of 0.94. Welltower Inc. has a 1-year low of $98.36 and a 1-year high of $158.55. The company’s fifty day moving average price is $147.74 and its 200-day moving average price is $139.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the business earned $1.01 earnings per share. As a group, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.79%. Welltower’s dividend payout ratio is presently 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.