CIBC Asset Management Inc Boosts Stock Holdings in Welltower Inc. $WELL

CIBC Asset Management Inc lifted its stake in Welltower Inc. (NYSE:WELL) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,712 shares of the real estate investment trust’s stock after acquiring an additional 6,596 shares during the period. CIBC Asset Management Inc’s holdings in Welltower were worth $16,516,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of WELL. Candriam S.C.A. raised its stake in shares of Welltower by 2.6% during the 2nd quarter. Candriam S.C.A. now owns 416,674 shares of the real estate investment trust’s stock valued at $64,058,000 after buying an additional 10,584 shares during the last quarter. GDS Wealth Management increased its position in shares of Welltower by 13.7% in the third quarter. GDS Wealth Management now owns 63,763 shares of the real estate investment trust’s stock valued at $11,359,000 after buying an additional 7,699 shares in the last quarter. State Street Corp raised its position in Welltower by 4.6% during the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after acquiring an additional 1,740,196 shares during the period. Federated Hermes Inc. raised its position in shares of Welltower by 193.5% during the 2nd quarter. Federated Hermes Inc. now owns 196,453 shares of the real estate investment trust’s stock worth $30,201,000 after purchasing an additional 129,521 shares during the last quarter. Finally, Blue Capital Inc. acquired a new position in shares of Welltower during the second quarter valued at approximately $2,326,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.0%

Welltower stock opened at $183.75 on Tuesday. The stock has a 50-day moving average price of $191.96 and a 200 day moving average price of $178.39. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. The stock has a market cap of $126.11 billion, a PE ratio of 126.72, a P/E/G ratio of 1.28 and a beta of 0.86. Welltower Inc. has a 52 week low of $130.29 and a 52 week high of $209.05.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company posted $1.11 EPS. The business’s quarterly revenue was up 30.7% on a year-over-year basis. Equities research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WELL has been the topic of a number of research reports. National Bankshares set a $246.00 target price on shares of Welltower in a research note on Friday, October 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Welltower in a research note on Monday, December 29th. Loop Capital set a $196.00 target price on Welltower in a research note on Wednesday, October 29th. Morgan Stanley increased their target price on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, Scotiabank lifted their price objective on shares of Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $204.80.

Welltower Company Profile

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.