Welltower Inc. (NYSE:WELL) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. lessened its holdings in Welltower Inc. (NYSE:WELL) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,741 shares of the real estate investment trust’s stock after selling 1,286 shares during the period. Lincluden Management Ltd.’s holdings in Welltower were worth $2,992,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Welltower by 638.0% during the 3rd 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 worth $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. FMR LLC boosted its stake in shares of Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after purchasing an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Welltower by 10.6% during the third 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 buying an additional 1,797,330 shares in the last quarter. Barclays PLC raised its position in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after buying an additional 380,888 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after buying an additional 324,520 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WELL has been the subject of several recent analyst reports. Scotiabank lifted their target price on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. Mizuho lifted their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and upped their target price for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Bank of America raised their price target on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Raymond James upped their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

Welltower Trading Up 1.5 %

NYSE:WELL opened at $150.74 on Tuesday. Welltower Inc. has a one year low of $87.87 and a one year high of $152.81. The business’s 50-day simple moving average is $134.27 and its 200 day simple moving average is $130.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market cap of $96.67 billion, a price-to-earnings ratio of 96.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is 171.79%.

Welltower 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.