Victory Capital Management Inc. Boosts Holdings in Welltower Inc. (NYSE:WELL)

Victory Capital Management Inc. grew its position in Welltower Inc. (NYSE:WELL) by 52.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,378 shares of the real estate investment trust’s stock after buying an additional 125,046 shares during the period. Victory Capital Management Inc. owned 0.06% of Welltower worth $46,523,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WELL. Fortitude Family Office LLC boosted its position in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the period. Old North State Wealth Management LLC boosted its position in shares of Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after purchasing an additional 78 shares during the period. Frank Rimerman Advisors LLC boosted its position in shares of Welltower by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock worth $1,231,000 after purchasing an additional 82 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of Welltower by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 94 shares during the period. Finally, GHP Investment Advisors Inc. boosted its position in shares of Welltower by 14.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of NYSE:WELL opened at $136.02 on Friday. The company’s fifty day moving average price is $129.98 and its 200 day moving average price is $115.10. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm has a market capitalization of $84.70 billion, a P/E ratio of 89.49, a P/E/G ratio of 3.03 and a beta of 1.20.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, sell-side analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s payout ratio is currently 176.32%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Evercore ISI increased their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Scotiabank increased their target price on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada increased their target price on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.68.

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.