Canada Post Corp Registered Pension Plan grew its stake in shares of Welltower Inc. (NYSE:WELL – Free Report) by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,899 shares of the real estate investment trust’s stock after purchasing an additional 3,550 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Welltower were worth $3,693,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Hager Investment Management Services LLC lifted its stake in shares of Welltower by 84.4% in the third quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Marquette Asset Management LLC lifted its stake in shares of Welltower by 62.8% in the fourth quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 59 shares in the last quarter. Quarry LP acquired a new position in shares of Welltower in the third quarter worth about $33,000. Financial Consulate Inc. acquired a new position in shares of Welltower in the fourth quarter worth about $34,000. Finally, MMA Asset Management LLC acquired a new position in shares of Welltower in the third quarter worth about $35,000. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Price Performance
Shares of NYSE:WELL opened at $213.65 on Monday. The stock has a fifty day moving average of $207.16 and a 200-day moving average of $198.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.31 and a current ratio of 4.31. Welltower Inc. has a one year low of $146.50 and a one year high of $221.68. The company has a market capitalization of $150.82 billion, a PE ratio of 105.77, a price-to-earnings-growth ratio of 1.11 and a beta of 0.83.
Welltower Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, May 13th. Welltower’s payout ratio is 146.53%.
Analysts Set New Price Targets
WELL has been the topic of several recent analyst reports. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Citigroup boosted their price target on Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating and issued a $245.00 price objective on shares of Welltower in a report on Monday, May 4th. Scotiabank increased their price objective on Welltower from $214.00 to $236.00 and gave the stock a “sector outperform” rating in a report on Monday, March 2nd. Finally, KeyCorp increased their price objective on Welltower from $210.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.67.
View Our Latest Report on WELL
Welltower Profile
Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.
The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.
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