TD Asset Management Inc Has $34 Million Position in Welltower Inc. (NYSE:WELL)

TD Asset Management Inc raised its holdings in Welltower Inc. (NYSE:WELL) by 3.6% in the first quarter, Holdings Channel.com reports. The fund owned 221,912 shares of the real estate investment trust’s stock after acquiring an additional 7,618 shares during the quarter. TD Asset Management Inc’s holdings in Welltower were worth $33,999,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WELL. Northern Trust Corp lifted its stake in Welltower by 53.5% in the fourth quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust’s stock valued at $1,062,495,000 after acquiring an additional 2,939,229 shares during the last quarter. Groupama Asset Managment lifted its stake in Welltower by 23,204.3% in the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust’s stock valued at $2,183,000 after acquiring an additional 1,891,847 shares during the last quarter. GAMMA Investing LLC lifted its stake in Welltower by 17,343.3% in the first quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust’s stock valued at $266,287,000 after acquiring an additional 1,728,088 shares during the last quarter. Bank of America Corp DE lifted its stake in Welltower by 9.7% in the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust’s stock valued at $2,357,617,000 after acquiring an additional 1,652,611 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Welltower in the fourth quarter valued at approximately $194,272,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the firm’s stock in a transaction on Monday, June 30th. The shares were purchased at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the purchase, the director directly owned 20,000 shares of the company’s stock, valued at approximately $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Welltower Trading Down 1.9%

Shares of WELL stock opened at $158.42 on Tuesday. Welltower Inc. has a 1 year low of $109.37 and a 1 year high of $162.26. The firm’s fifty day simple moving average is $153.77 and its 200 day simple moving average is $148.25. The firm has a market capitalization of $103.60 billion, a P/E ratio of 91.05, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Welltower’s revenue was up 39.6% compared to the same quarter last year. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 1.87%. This is an increase from Welltower’s previous quarterly dividend of $0.67. Welltower’s payout ratio is currently 154.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WELL shares. Evercore ISI lifted their price target on shares of Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a research report on Thursday, May 1st. Morgan Stanley lifted their price target on shares of Welltower from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Scotiabank reissued an “outperform” rating on shares of Welltower in a research report on Monday, June 23rd. Wall Street Zen lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Finally, Wedbush reissued an “underperform” rating on shares of Welltower in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $168.18.

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.