National Bank of Canada FI Boosts Stock Holdings in Welltower Inc. (NYSE:WELL)

National Bank of Canada FI boosted its position in Welltower Inc. (NYSE:WELL) by 97.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 465,559 shares of the real estate investment trust’s stock after buying an additional 230,314 shares during the quarter. National Bank of Canada FI owned approximately 0.07% of Welltower worth $58,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Roxbury Financial LLC bought a new position in Welltower in the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new position in shares of Welltower in the fourth quarter worth $25,000. Sierra Ocean LLC purchased a new position in shares of Welltower in the fourth quarter valued at $28,000. Versant Capital Management Inc raised its stake in shares of Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in Welltower during the 4th quarter worth about $50,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 0.6 %

Shares of WELL opened at $154.10 on Wednesday. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a 50 day simple moving average of $146.67 and a two-hundred day simple moving average of $135.96. The firm has a market cap of $98.83 billion, a P/E ratio of 98.78, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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%. On average, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio is presently 171.79%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WELL. Bank of America upped their price target on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Mizuho increased their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Evercore ISI boosted their price target on shares of Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research report on Tuesday, March 4th. Wells Fargo & Company increased their price objective on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Finally, Raymond James boosted their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.