Mutual of America Capital Management LLC Sells 7,304 Shares of Welltower Inc. (NYSE:WELL)

Mutual of America Capital Management LLC lessened its stake in shares of Welltower Inc. (NYSE:WELL) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,713 shares of the real estate investment trust’s stock after selling 7,304 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Welltower were worth $8,519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WELL. Janney Montgomery Scott LLC increased its holdings in Welltower by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 51,631 shares of the real estate investment trust’s stock valued at $4,656,000 after purchasing an additional 196 shares in the last quarter. UBS Group AG increased its holdings in Welltower by 147.7% during the 4th quarter. UBS Group AG now owns 1,072,283 shares of the real estate investment trust’s stock valued at $96,688,000 after purchasing an additional 639,355 shares in the last quarter. Sachetta LLC acquired a new stake in Welltower during the 4th quarter valued at $71,000. Corient Private Wealth LLC increased its holdings in Welltower by 3.2% during the 4th quarter. Corient Private Wealth LLC now owns 33,188 shares of the real estate investment trust’s stock valued at $2,993,000 after purchasing an additional 1,025 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its holdings in Welltower by 84.7% during the 4th quarter. CreativeOne Wealth LLC now owns 5,392 shares of the real estate investment trust’s stock valued at $486,000 after purchasing an additional 2,473 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.2 %

Shares of Welltower stock opened at $127.66 on Thursday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $131.31. The business has a fifty day simple moving average of $116.70 and a 200 day simple moving average of $104.22. The stock has a market cap of $76.33 billion, a PE ratio of 157.60, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21.

Welltower (NYSE:WELL) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. Research analysts predict that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a yield of 2.10%. Welltower’s payout ratio is currently 330.86%.

Analyst Ratings Changes

A number of research firms recently weighed in on WELL. Wells Fargo & Company raised their price target on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Scotiabank raised their price target on Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 7th. Morgan Stanley lifted their target price on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada lifted their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

About Welltower

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.