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

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in Welltower Inc. (NYSE:WELL) by 22.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 102,000 shares of the real estate investment trust’s stock after selling 29,000 shares during the quarter. 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 institutional investors and hedge funds have also recently added to or reduced their stakes in WELL. Glenmede Trust Co. NA increased its position in Welltower by 8.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,702 shares of the real estate investment trust’s stock worth $858,000 after buying an additional 543 shares during the period. Townsquare Capital LLC increased its position in Welltower by 73.0% in the 3rd quarter. Townsquare Capital LLC now owns 5,446 shares of the real estate investment trust’s stock worth $697,000 after buying an additional 2,298 shares during the period. Avestar Capital LLC increased its position in Welltower by 10.1% in the 3rd quarter. Avestar Capital LLC now owns 2,536 shares of the real estate investment trust’s stock worth $325,000 after buying an additional 232 shares during the period. Brooklyn Investment Group bought a new position in Welltower in the 3rd quarter worth approximately $219,000. Finally, D.A. Davidson & CO. increased its position in Welltower by 5.9% in the 3rd quarter. D.A. Davidson & CO. now owns 17,118 shares of the real estate investment trust’s stock worth $2,192,000 after buying an additional 949 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Trading Up 0.2 %

NYSE WELL opened at $139.30 on Friday. The stock has a 50-day simple moving average of $131.98 and a 200 day simple moving average of $117.95. The company has a market capitalization of $86.74 billion, a PE ratio of 91.64, a P/E/G ratio of 3.04 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75.

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

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.92%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada boosted their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Scotiabank boosted their price objective on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Five 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, Welltower has a consensus rating of “Moderate Buy” and an average price target of $117.50.

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.