Welltower Inc. (NYSE:WELL) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI raised its stake in Welltower Inc. (NYSE:WELL) by 28.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,242 shares of the real estate investment trust’s stock after buying an additional 31,506 shares during the quarter. National Bank of Canada FI’s holdings in Welltower were worth $12,836,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its stake in Welltower by 1.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,372 shares of the real estate investment trust’s stock worth $522,000 after acquiring an additional 119 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Welltower by 1.6% in the third quarter. Profund Advisors LLC now owns 7,632 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 120 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Welltower by 21.2% in the fourth quarter. First Horizon Advisors Inc. now owns 691 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 121 shares in the last quarter. Private Advisor Group LLC increased its stake in Welltower by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 25,167 shares of the real estate investment trust’s stock worth $2,062,000 after buying an additional 127 shares during the period. Finally, Stiles Financial Services Inc increased its stake in Welltower by 1.7% during the 3rd quarter. Stiles Financial Services Inc now owns 7,906 shares of the real estate investment trust’s stock worth $648,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WELL shares. Mizuho upped their price objective on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Monday. BNP Paribas initiated coverage on Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Welltower in a research report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price objective for the company. Finally, Scotiabank decreased their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research note on Monday, March 4th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $96.07.

Welltower Stock Performance

Shares of WELL stock opened at $98.42 on Thursday. The stock’s 50-day moving average is $92.46 and its two-hundred day moving average is $90.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. Welltower Inc. has a 1 year low of $72.47 and a 1 year high of $98.66. The firm has a market cap of $58.85 billion, a price-to-earnings ratio of 121.51, a PEG ratio of 2.42 and a beta of 1.07.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Analysts predict that Welltower Inc. will post 4.06 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be paid a $0.61 dividend. The ex-dividend date is Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a yield of 2.48%. Welltower’s dividend payout ratio is presently 301.23%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.