Toronto Dominion Bank Lowers Stake in Welltower Inc. (NYSE:WELL)

Toronto Dominion Bank cut its position in shares of Welltower Inc. (NYSE:WELL) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 319,949 shares of the real estate investment trust’s stock after selling 38,426 shares during the quarter. Toronto Dominion Bank’s holdings in Welltower were worth $40,323,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Roxbury Financial LLC purchased a new stake in Welltower during the 4th quarter worth $26,000. Sierra Ocean LLC acquired a new position in shares of Welltower during the fourth quarter worth about $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Welltower in the fourth quarter worth about $50,000. Cape Investment Advisory Inc. acquired a new stake in shares of Welltower in the fourth quarter valued at about $53,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Welltower in the fourth quarter valued at about $68,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on WELL shares. Morgan Stanley boosted their price target on Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Evercore ISI upped their target price on shares of Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a research note on Thursday, May 1st. Bank of America raised their price target on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company reiterated 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 issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.83.

Welltower Price Performance

WELL opened at $148.62 on Friday. The company has a market capitalization of $97.19 billion, a P/E ratio of 95.27, a PEG ratio of 2.87 and a beta of 0.94. The company has a 50-day moving average of $147.44 and a 200-day moving average of $140.22. 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 Inc. has a 1-year low of $99.77 and a 1-year high of $158.55.

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

Welltower Dividend Announcement

The company 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 1.80%. Welltower’s dividend payout ratio (DPR) is 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.