Mackenzie Financial Corp buys 4,251 shares of Welltower Inc. (NYSE: WELL)

Mackenzie Financial Corp increased its stake in Welltower Inc. (NYSE: GOOD – Get a rating) by 10.5% in the 2nd quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,867 shares of the real estate investment trust’s stock after acquiring an additional 4,251 shares during the period. Mackenzie Financial Corp’s holdings in Welltower were worth $3,695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. National Bank of Canada FI boosted its position in shares of Welltower by 7.2% during the first quarter. National Bank of Canada FI now owns 1,676 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 112 shares in the last quarter. Siemens Fonds Invest GmbH grew its position in shares of Welltower by 2.9% during the first quarter. Siemens Fonds Invest GmbH now owns 4,471 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 124 shares in the last quarter. Cresset Asset Management LLC boosted its position in shares of Welltower by 2.5% during the first quarter. Cresset Asset Management LLC now owns 5,044 shares of the real estate investment trust’s stock worth $485,000 after buying an additional 125 shares in the last quarter. Dai Ichi Life Insurance Company Ltd increased its position in shares of Welltower by 0.4% during the first quarter. Dai Ichi Life Insurance Company Ltd now owns 33,012 shares of the real estate investment trust’s stock valued at $3,174,000 after buying an additional 125 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its position in shares of Welltower by 4.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 3,319 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 130 shares in the last quarter. 97.68% of shares are owned by institutional investors.

Upgrading and downgrading of the analyst rating

Several research firms have recently commented on WELL. Evercore ISI cut their price objective on shares of Welltower to $72.00 in a research report on Tuesday, November 15th. Sumitomo Mitsui Financial Group downgraded shares of Welltower from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Thursday, August 11. Raymond James downgraded shares of Welltower from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $81.00 to $70.00 in a report on Tuesday, November 1st. Stifel Nicolaus cut their target price on shares of Welltower from $83.00 to $70.00 in a report on Tuesday, October 4th. Finally, Barclays cut their price target on shares of Welltower from $92.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, October 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $81.69, according to MarketBeat.com.

Welltower price performance

Actions Well tower opened at $67.78 on Monday. The stock has a market cap of $32.03 billion, a price-to-earnings ratio of 147.35, a price-to-earnings ratio of 4.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.75, a gearing ratio of 2.11, and a current ratio of 2.11. The company has a fifty day moving average of $64.33 and a 200 day moving average of $76.28. Welltower Inc. has a 52-week low of $56.50 and a 52-week high of $99.43.

Welltower announces dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Friday, November 18th will be paid a dividend of $0.61 per share. The ex-dividend date for this dividend is Thursday, November 17th. That’s a $2.44 annual dividend and a yield of 3.60%. Welltower’s payout ratio is currently 530.45%.

Welltower profile

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Welltower Inc (NYSE: WELL ), an S&P 500 company headquartered in Toledo, Ohio, is leading the transformation of healthcare infrastructure. The company invests in leading senior housing operators, post-acute care providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s well-being and overall health care.

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