Welltower Inc. (NYSE:WELL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in Welltower Inc. (NYSE:WELL) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,373 shares of the real estate investment trust’s stock after selling 4,340 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Welltower were worth $9,906,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Intech Investment Management LLC grew its stake in Welltower by 147.9% during the 1st quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock worth $2,083,000 after purchasing an additional 13,300 shares in the last quarter. Burke & Herbert Bank & Trust Co. purchased a new stake in Welltower in the second quarter valued at $674,000. Manning & Napier Advisors LLC purchased a new stake in Welltower in the second quarter valued at $14,766,000. O Shaughnessy Asset Management LLC boosted its stake in Welltower by 15.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 41,773 shares of the real estate investment trust’s stock valued at $3,903,000 after acquiring an additional 5,470 shares in the last quarter. Finally, Van Hulzen Asset Management LLC purchased a new position in shares of Welltower during the second quarter worth about $411,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WELL. Evercore ISI upped their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Wedbush raised their target price 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. Scotiabank upped their price target on shares of Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft raised 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. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.68.

Welltower Stock Performance

NYSE WELL opened at $136.02 on Monday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $130.20 and its two-hundred day moving average is $115.67. The stock has a market capitalization of $84.70 billion, a price-to-earnings ratio of 89.49, a PEG ratio of 3.05 and a beta of 1.20. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.19.

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

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

About Welltower

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.