Welltower Inc. (NYSE:WELL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Welltower Inc. (NYSE:WELL) by 9.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 232,760 shares of the real estate investment trust’s stock after selling 24,141 shares during the quarter. Victory Capital Management Inc.’s holdings in Welltower were worth $20,988,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its position in Welltower by 11.6% in the 3rd quarter. Mackenzie Financial Corp now owns 59,809 shares of the real estate investment trust’s stock valued at $4,743,000 after buying an additional 6,201 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Welltower by 4.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 123,276 shares of the real estate investment trust’s stock valued at $10,099,000 after purchasing an additional 5,492 shares during the last quarter. Advisor Partners II LLC boosted its holdings in shares of Welltower by 4.5% during the third quarter. Advisor Partners II LLC now owns 19,630 shares of the real estate investment trust’s stock valued at $1,608,000 after acquiring an additional 843 shares during the period. Park Avenue Securities LLC grew its holdings in Welltower by 3.8% in the 3rd quarter. Park Avenue Securities LLC now owns 12,243 shares of the real estate investment trust’s stock worth $1,003,000 after buying an additional 451 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in Welltower during the 3rd quarter valued at about $363,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Scotiabank dropped their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft began coverage on Welltower in a report on Tuesday, January 30th. They set a “buy” rating and a $115.00 target price for the company. BNP Paribas began coverage on Welltower in a research note on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. Finally, Mizuho upped their price objective on shares of Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.07.

Welltower Stock Up 0.8 %

WELL stock opened at $99.16 on Friday. The company has a 50 day moving average of $92.60 and a two-hundred day moving average of $90.06. The company has a market cap of $59.29 billion, a price-to-earnings ratio of 122.42, a PEG ratio of 2.42 and a beta of 1.07. Welltower Inc. has a 12-month low of $72.47 and a 12-month high of $99.34. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Welltower’s revenue was up 19.2% on a year-over-year basis. On average, equities analysts anticipate that Welltower Inc. will post 4.06 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 13th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.44 annualized dividend and a dividend yield of 2.46%. Welltower’s payout ratio is 301.23%.

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.