Caisse DE Depot ET Placement DU Quebec Acquires Shares of 120,000 Welltower Inc. (NYSE:WELL)

Caisse DE Depot ET Placement DU Quebec bought a new position in Welltower Inc. (NYSE:WELL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 120,000 shares of the real estate investment trust’s stock, valued at approximately $15,364,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Foundation Advisors acquired a new stake in shares of Welltower during the 2nd quarter worth approximately $26,000. TruNorth Capital Management LLC purchased a new position in Welltower in the second quarter valued at $27,000. Meeder Asset Management Inc. purchased a new position in Welltower in the second quarter valued at $30,000. Centerpoint Advisors LLC acquired a new position in shares of Welltower in the second quarter worth about $31,000. Finally, Fortitude Family Office LLC boosted its stake in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent analyst reports. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wedbush boosted their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Evercore ISI increased their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada lifted their target price on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Price Performance

NYSE:WELL opened at $138.18 on Monday. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The stock has a 50 day moving average price of $132.24 and a 200 day moving average price of $118.48. The stock has a market cap of $86.04 billion, a PE ratio of 90.91, a P/E/G ratio of 3.10 and a beta of 1.20.

Welltower (NYSE:WELL) last posted 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 firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Equities research analysts expect that Welltower Inc. will post 4.3 EPS 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 given a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.94%. Welltower’s payout ratio is currently 176.32%.

Welltower 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.