Investment Management Corp of Ontario Grows Position in Welltower Inc. $WELL

by · The Cerbat Gem

Investment Management Corp of Ontario increased its position in Welltower Inc. (NYSE:WELL – Free Report) by 20.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,836 shares of the real estate investment trust’s stock after purchasing an additional 12,746 shares during the quarter. Investment Management Corp of Ontario’s holdings in Welltower were worth $13,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hager Investment Management Services LLC lifted its stake in shares of Welltower by 84.4% in the 3rd quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Marquette Asset Management LLC lifted its stake in shares of Welltower by 62.8% in the 4th quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 59 shares during the period. Swiss RE Ltd. purchased a new position in shares of Welltower in the 4th quarter valued at approximately $29,000. Quarry LP purchased a new position in shares of Welltower in the 3rd quarter valued at approximately $33,000. Finally, Financial Consulate Inc. purchased a new position in shares of Welltower in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on WELL shares. Royal Bank Of Canada restated an “outperform” rating and issued a $238.00 target price on shares of Welltower in a research note on Monday. Citigroup lifted their price objective on Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Morgan Stanley lifted their price objective on Welltower from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. BMO Capital Markets reiterated an “outperform” rating and set a $245.00 price objective on shares of Welltower in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average target price of $231.25.

Get Our Latest Analysis on Welltower

Welltower Stock Down 3.2%

Shares of NYSE:WELL opened at $206.65 on Thursday. The stock has a fifty day simple moving average of $210.53 and a two-hundred day simple moving average of $201.41. The stock has a market capitalization of $145.88 billion, a price-to-earnings ratio of 102.30, a PEG ratio of 1.10 and a beta of 0.79. Welltower Inc. has a 12-month low of $148.97 and a 12-month high of $221.68. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40.

Welltower (NYSE:WELL – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.34. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Welltower had a return on equity of 3.45% and a net margin of 11.96%.The firm’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, research analysts anticipate that Welltower Inc. will post 6.32 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s dividend payout ratio (DPR) is presently 146.53%.

Welltower Profile

(Free Report)

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.

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