Welltower Inc. (NYSE:WELL) Holdings Cut by Bank of Montreal Can

Bank of Montreal Can decreased its position in shares of Welltower Inc. (NYSE:WELL) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 726,130 shares of the real estate investment trust’s stock after selling 32,444 shares during the quarter. Bank of Montreal Can owned about 0.12% of Welltower worth $92,364,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Lazard Asset Management LLC boosted its position in shares of Welltower by 43.7% during the first quarter. Lazard Asset Management LLC now owns 8,523 shares of the real estate investment trust’s stock worth $795,000 after buying an additional 2,591 shares during the period. Waverly Advisors LLC grew its stake in shares of Welltower by 11.0% in the first quarter. Waverly Advisors LLC now owns 11,706 shares of the real estate investment trust’s stock worth $1,094,000 after purchasing an additional 1,161 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Welltower by 5.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 34,439 shares of the real estate investment trust’s stock valued at $3,218,000 after purchasing an additional 1,798 shares during the period. Tidal Investments LLC raised its stake in shares of Welltower by 61.0% during the first quarter. Tidal Investments LLC now owns 21,326 shares of the real estate investment trust’s stock valued at $1,993,000 after purchasing an additional 8,082 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Welltower during the first quarter valued at about $548,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $138.96 on Wednesday. The company has a market capitalization of $86.53 billion, a price-to-earnings ratio of 91.42, a P/E/G ratio of 3.09 and a beta of 1.20. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.19. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $131.47 and its 200-day simple moving average is $117.65.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is currently 176.32%.

Analyst Upgrades and Downgrades

Several research firms have commented on WELL. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wolfe Research raised Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Scotiabank boosted their price objective on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday. Finally, Royal Bank of Canada raised their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

Welltower Company 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.