Victory Capital Management Inc. Acquires 8,611 Shares of Welltower Inc. (NYSE:WELL)

Victory Capital Management Inc. raised its holdings in Welltower Inc. (NYSE:WELLGet Rating) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 425,707 shares of the real estate investment trust’s stock after purchasing an additional 8,611 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Welltower worth $27,381,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WELL. State Street Corp raised its position in shares of Welltower by 3.3% during the second quarter. State Street Corp now owns 31,161,238 shares of the real estate investment trust’s stock worth $2,566,128,000 after acquiring an additional 988,063 shares during the last quarter. Legal & General Group Plc raised its position in shares of Welltower by 9.7% during the second quarter. Legal & General Group Plc now owns 6,079,972 shares of the real estate investment trust’s stock worth $500,686,000 after acquiring an additional 535,873 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Welltower by 1.8% during the second quarter. Principal Financial Group Inc. now owns 4,615,158 shares of the real estate investment trust’s stock worth $380,058,000 after acquiring an additional 82,215 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Welltower by 2.9% during the second quarter. UBS Asset Management Americas Inc. now owns 4,397,316 shares of the real estate investment trust’s stock worth $362,119,000 after acquiring an additional 125,314 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Welltower by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,245,096 shares of the real estate investment trust’s stock worth $408,124,000 after acquiring an additional 134,847 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Welltower Stock Up 2.0 %

NYSE:WELL opened at $74.28 on Tuesday. Welltower Inc. has a 1 year low of $56.50 and a 1 year high of $99.43. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.75. The stock has a market cap of $35.10 billion, a price-to-earnings ratio of 161.48, a PEG ratio of 4.22 and a beta of 1.02. The stock has a 50-day moving average price of $68.13 and a two-hundred day moving average price of $70.84.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Friday, November 18th were given a dividend of $0.61 per share. The ex-dividend date was Thursday, November 17th. This represents a $2.44 annualized dividend and a dividend yield of 3.28%. Welltower’s dividend payout ratio is currently 530.45%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WELL. KeyCorp dropped their price objective on Welltower from $95.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, October 10th. Royal Bank of Canada dropped their price objective on Welltower from $96.00 to $79.00 and set an “outperform” rating for the company in a report on Thursday, October 6th. Evercore ISI downgraded Welltower from an “outperform” rating to an “in-line” rating and set a $72.00 price objective for the company. in a report on Monday, November 21st. StockNews.com began coverage on Welltower in a report on Wednesday, October 12th. They issued a “sell” rating for the company. Finally, Mizuho dropped their price objective on Welltower from $93.00 to $91.00 in a report on Friday, December 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.56.

Welltower Company Profile

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Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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