Healthcare of Ontario Pension Plan Trust Fund Has $13.06 Million Stake in Welltower Inc. (NYSE:WELL)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Welltower Inc. (NYSE:WELL) by 22.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 102,000 shares of the real estate investment trust’s stock after selling 29,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Welltower were worth $13,059,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. First Foundation Advisors acquired a new position in shares of Welltower in the 2nd quarter valued at about $26,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower in the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. bought a new stake in Welltower in the 2nd quarter valued at about $30,000. Centerpoint Advisors LLC bought a new stake in Welltower in the 2nd quarter valued at about $31,000. Finally, Fortitude Family Office LLC increased its position in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Up 0.2 %

WELL opened at $139.30 on Friday. The firm has a 50-day simple moving average of $131.98 and a two-hundred day simple moving average of $117.95. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The company has a market capitalization of $86.74 billion, a PE ratio of 91.64, a price-to-earnings-growth ratio of 3.04 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. Analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WELL. Scotiabank boosted their target price on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday. Wedbush boosted their target price on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their target price on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Evercore ISI upped their price objective on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.50.

About Welltower

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.