CIBC Asset Management Inc raised its position in shares of Welltower Inc. (NYSE:WELL) by 3.2% during the third quarter, HoldingsChannel reports. The fund owned 37,858 shares of the real estate investment trust’s stock after acquiring an additional 1,179 shares during the quarter. CIBC Asset Management Inc’s holdings in Welltower were worth $3,119,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Strategic Asset Management LLC bought a new position in Welltower during the third quarter valued at $25,000. MUFG Americas Holdings Corp bought a new position in Welltower during the third quarter valued at $27,000. Rosenberg Matthew Hamilton increased its position in Welltower by 55.8% during the third quarter. Rosenberg Matthew Hamilton now owns 402 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 144 shares during the last quarter. Selective Wealth Management Inc. increased its position in Welltower by 214.3% during the third quarter. Selective Wealth Management Inc. now owns 440 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 300 shares during the last quarter. Finally, Albion Financial Group UT bought a new position in Welltower during the second quarter valued at $53,000. Institutional investors and hedge funds own 89.96% of the company’s stock.
WELL has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut shares of Welltower from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $94.00 to $90.00 in a research report on Monday, December 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Welltower from $80.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, September 20th. Royal Bank of Canada cut their price target on shares of Welltower from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Wednesday, November 17th. Raymond James upped their price target on shares of Welltower from $98.00 to $100.00 and gave the stock a “strong-buy” rating in a report on Monday, January 10th. Finally, Barclays started coverage on shares of Welltower in a report on Wednesday, November 17th. They issued an “overweight” rating and a $91.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $89.94.
Welltower (NYSE:WELL) last issued its earnings results on Thursday, November 4th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.38). Welltower had a return on equity of 2.86% and a net margin of 9.69%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. On average, equities analysts expect that Welltower Inc. will post 0.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 23rd. Shareholders of record on Tuesday, November 16th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, November 15th. Welltower’s payout ratio is 234.62%.
Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.
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