CIBC Asset Management Inc boosted its position in Welltower Inc. (NYSE:WELL) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,858 shares of the real estate investment trust’s stock after acquiring an additional 1,179 shares during the period. CIBC Asset Management Inc’s holdings in Welltower were worth $3,119,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in WELL. Strategic Asset Management LLC bought a new stake in Welltower in the 3rd quarter worth $25,000. MUFG Americas Holdings Corp purchased a new stake in shares of Welltower in the 3rd quarter worth about $27,000. Rosenberg Matthew Hamilton lifted its position in shares of Welltower by 55.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 402 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 144 shares during the period. Selective Wealth Management Inc. lifted its position in shares of Welltower by 214.3% in the 3rd quarter. Selective Wealth Management Inc. now owns 440 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares during the period. Finally, Albion Financial Group UT purchased a new stake in shares of Welltower in the 2nd quarter worth about $53,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on WELL shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $80.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, September 20th. JPMorgan Chase & Co. cut shares of Welltower from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $94.00 to $90.00 in a research report on Monday, December 20th. Barclays initiated coverage on shares of Welltower in a research report on Wednesday, November 17th. They issued an “overweight” rating and a $91.00 target price for the company. Royal Bank of Canada lowered their price target on shares of Welltower from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Wednesday, November 17th. Finally, Raymond James lifted their price target on shares of Welltower from $98.00 to $100.00 and gave the company a “strong-buy” rating in a research report on Monday, January 10th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Welltower has an average rating of “Buy” and a consensus target price of $89.94.
Welltower (NYSE:WELL) last issued its earnings results on Thursday, November 4th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.38). The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Welltower had a return on equity of 2.86% and a net margin of 9.69%. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. As a group, equities research analysts forecast that Welltower Inc. will post 0.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 23rd. Shareholders of record on Tuesday, November 16th were issued a $0.61 dividend. The ex-dividend date of this dividend was Monday, November 15th. This represents a $2.44 annualized dividend and a yield of 2.79%. Welltower’s dividend payout ratio (DPR) is presently 234.62%.
Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.
Featured Article: What is a CD ladder?
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.