Welltower Inc. (NYSE:WELL) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its stake in shares of Welltower Inc. (NYSE:WELL) by 24.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,112,452 shares of the real estate investment trust’s stock after purchasing an additional 417,046 shares during the period. Canada Pension Plan Investment Board owned 0.35% of Welltower worth $220,223,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. First Foundation Advisors purchased a new stake in shares of Welltower in the second quarter worth about $26,000. Rise Advisors LLC bought a new stake in Welltower in the first quarter valued at about $27,000. TruNorth Capital Management LLC acquired a new stake in Welltower during the second quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new position in Welltower during the 2nd quarter worth approximately $30,000. Finally, Manchester Capital Management LLC grew its position in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL opened at $125.40 on Friday. The company has a 50-day moving average of $117.12 and a two-hundred day moving average of $104.37. The stock has a market cap of $74.98 billion, a price-to-earnings ratio of 154.81, a PEG ratio of 2.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. Welltower Inc. has a one year low of $78.38 and a one year high of $131.31.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a yield of 2.14%. Welltower’s dividend payout ratio (DPR) is presently 330.86%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. KeyCorp upped their price target on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. Morgan Stanley raised their price target on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Wells Fargo & Company increased their price target on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Evercore ISI raised their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued 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 $112.38.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.