Toronto Dominion Bank Invests $15.55 Million in Welltower Inc (WELL) Stock
Toronto Dominion Bank purchased a new stake in shares of Welltower Inc (NYSE:WELL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 241,796 shares of the real estate investment trust’s stock, valued at approximately $15,548,000. Toronto Dominion Bank owned approximately 0.06% of Welltower at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Millennium Management LLC acquired a new stake in Welltower in the first quarter worth about $785,000. Amalgamated Bank boosted its holdings in Welltower by 3.8% in the second quarter. Amalgamated Bank now owns 47,871 shares of the real estate investment trust’s stock worth $3,001,000 after acquiring an additional 1,762 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Welltower in the second quarter worth about $1,137,000. Steward Partners Investment Advisory LLC boosted its holdings in Welltower by 47.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 19,905 shares of the real estate investment trust’s stock worth $1,248,000 after acquiring an additional 6,399 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its holdings in Welltower by 5.2% in the second quarter. Sumitomo Life Insurance Co. now owns 19,867 shares of the real estate investment trust’s stock worth $1,245,000 after acquiring an additional 975 shares in the last quarter. Institutional investors own 84.92% of the company’s stock.
A number of research firms recently commented on WELL. Morgan Stanley lifted their target price on Welltower from $63.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, August 16th. Stifel Nicolaus set a $66.00 target price on Welltower and gave the stock a “buy” rating in a report on Monday, July 30th. Stephens reaffirmed a “buy” rating and set a $64.00 target price on shares of Welltower in a report on Tuesday, July 31st. SunTrust Banks lifted their target price on Welltower to $72.00 and gave the stock a “hold” rating in a report on Wednesday, October 31st. Finally, TheStreet downgraded Welltower from a “b” rating to a “c+” rating in a report on Thursday, October 11th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.21.
Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.85). The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Welltower had a net margin of 12.99% and a return on equity of 4.86%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. As a group, equities analysts predict that Welltower Inc will post 4.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 12th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend is Friday, November 9th. Welltower’s dividend payout ratio (DPR) is presently 82.66%.
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Welltower Company Profile
Welltower Inc (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.
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