Mackenzie Financial Corp Raises Holdings in Welltower Inc. (NYSE:WELL)

Mackenzie Financial Corp grew its position in shares of Welltower Inc. (NYSE:WELL) by 151.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,698 shares of the real estate investment trust’s stock after purchasing an additional 86,602 shares during the quarter. Mackenzie Financial Corp’s holdings in Welltower were worth $14,981,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in WELL. First Foundation Advisors purchased a new stake in Welltower in the 2nd quarter valued at approximately $26,000. TruNorth Capital Management LLC acquired a new position in Welltower in the 2nd quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in Welltower in the 2nd quarter valued at $30,000. Rise Advisors LLC acquired a new position in Welltower in the 1st quarter valued at $27,000. Finally, Centerpoint Advisors LLC acquired a new position in Welltower in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $127.20 on Monday. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $131.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. The firm has a market capitalization of $76.05 billion, a P/E ratio of 157.04, a P/E/G ratio of 2.97 and a beta of 1.21. The company’s fifty day moving average price is $119.69 and its two-hundred day moving average price is $106.01.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a $0.67 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.11%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. KeyCorp boosted their price objective on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Morgan Stanley boosted their price objective on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Wedbush upped their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada upped their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.38.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.