Welltower Inc. (NYSE:WELL) Holdings Lifted by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 28.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Welltower by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust’s stock valued at $12,388,151,000 after acquiring an additional 2,612,044 shares in the last quarter. Norges Bank bought a new stake in shares of Welltower during the fourth quarter valued at about $3,943,892,000. Bank of New York Mellon Corp lifted its holdings in Welltower by 3.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock worth $489,585,000 after purchasing an additional 117,170 shares during the period. Amundi grew its position in Welltower by 18.5% in the 4th quarter. Amundi now owns 3,773,827 shares of the real estate investment trust’s stock valued at $477,314,000 after buying an additional 589,255 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Welltower by 6.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,106,666 shares of the real estate investment trust’s stock valued at $391,533,000 after buying an additional 192,303 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $145.00 to $167.00 in a report on Friday, February 14th. Evercore ISI increased their price target on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday, March 4th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Finally, Mizuho boosted their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Trading Down 6.0 %

Welltower stock opened at $143.26 on Friday. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. 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 firm has a market capitalization of $92.89 billion, a price-to-earnings ratio of 91.83, a P/E/G ratio of 2.87 and a beta of 0.93. The company has a 50 day moving average price of $147.64 and a 200 day moving average price of $136.35.

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

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was 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.