AGF Management Ltd. Has $7.27 Million Holdings in Welltower Inc. (NYSE:WELL)

AGF Management Ltd. reduced its holdings in Welltower Inc. (NYSE:WELL) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,698 shares of the real estate investment trust’s stock after selling 3,561 shares during the quarter. AGF Management Ltd.’s holdings in Welltower were worth $7,272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mather Group LLC. boosted its holdings in shares of Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 75 shares in the last quarter. Childress Capital Advisors LLC boosted its holdings in shares of Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 76 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in shares of Welltower by 2.5% in the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 83 shares in the last quarter. Graypoint LLC boosted its holdings in shares of Welltower by 2.5% in the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 84 shares in the last quarter. Finally, Investment Advisory Group LLC boosted its holdings in shares of Welltower by 1.8% in the 4th quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust’s stock worth $616,000 after acquiring an additional 85 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of Welltower stock opened at $147.36 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The firm has a fifty day moving average of $140.27 and a two-hundred day moving average of $133.35. The stock has a market capitalization of $94.50 billion, a price-to-earnings ratio of 94.46, a PEG ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio is currently 171.79%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Scotiabank boosted their target price on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 6th. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Raymond James boosted their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.19.

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.