M&T Bank Corp Acquires 2,389 Shares of Welltower Inc. (NYSE:WELL)

M&T Bank Corp raised its holdings in Welltower Inc. (NYSE:WELL) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,858 shares of the real estate investment trust’s stock after purchasing an additional 2,389 shares during the period. M&T Bank Corp’s holdings in Welltower were worth $9,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. FMR LLC raised its position in shares of Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after buying an additional 3,977,845 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new stake in shares of Welltower during the 2nd quarter worth approximately $254,977,000. Wellington Management Group LLP boosted its position in shares of Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after acquiring an additional 1,797,330 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Welltower by 24.6% in the second quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust’s stock valued at $220,223,000 after acquiring an additional 417,046 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

WELL stock opened at $128.60 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. 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 $80.08 billion, a P/E ratio of 84.65, a PEG ratio of 2.95 and a beta of 1.20. The company has a fifty day moving average price of $132.81 and a 200-day moving average price of $120.00.

Welltower (NYSE:WELL) last announced its earnings results 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). The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. As a group, equities analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.08%. Welltower’s payout ratio is 176.32%.

Analyst Ratings Changes

WELL has been the subject of several recent analyst reports. Scotiabank upped their target price on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Evercore ISI upped their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Mizuho lifted their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.77.

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.