CIBC Private Wealth Group LLC Grows Position in Welltower Inc. (NYSE:WELL)

CIBC Private Wealth Group LLC lifted its position in shares of Welltower Inc. (NYSE:WELL) by 28.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,242 shares of the real estate investment trust’s stock after purchasing an additional 496 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Welltower were worth $284,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its position in Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after purchasing an additional 16,946 shares during the period. Vestmark Advisory Solutions Inc. grew its stake in shares of Welltower by 120.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock valued at $1,817,000 after buying an additional 7,872 shares in the last quarter. Barclays PLC lifted its position in Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after acquiring an additional 380,888 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after acquiring an additional 2,250 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in Welltower by 17.3% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock valued at $244,114,000 after acquiring an additional 285,015 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Down 6.0 %

WELL stock opened at $143.26 on Friday. The firm has a market cap of $92.89 billion, a price-to-earnings ratio of 91.83, a PEG ratio of 2.87 and a beta of 0.93. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The firm has a fifty day moving average price of $147.64 and a two-hundred day moving average price of $136.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

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

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.87%. Welltower’s dividend payout ratio is currently 171.79%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WELL shares. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and upped their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Bank of America lifted their target price on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Mizuho increased their price target on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Finally, Scotiabank lifted their price objective on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $156.46.

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.