Mutual of America Capital Management LLC Decreases Stock Position in Welltower Inc. (NYSE:WELL)

Mutual of America Capital Management LLC reduced its holdings in shares of Welltower Inc. (NYSE:WELL) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. First Foundation Advisors acquired a new stake in shares of Welltower during the second quarter valued at $26,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower during the 2nd quarter worth about $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Welltower during the second quarter worth about $30,000. Fortitude Family Office LLC raised its position in shares of Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares during the last quarter. Finally, Centerpoint Advisors LLC purchased a new position in shares of Welltower during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Wedbush lifted their price objective on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Evercore ISI upped their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $116.68.

Welltower Stock Up 1.2 %

Shares of NYSE:WELL opened at $136.02 on Monday. The stock has a 50-day simple moving average of $130.20 and a 200-day simple moving average of $115.67. The stock has a market capitalization of $84.70 billion, a P/E ratio of 89.49, a PEG ratio of 3.05 and a beta of 1.20. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL) last released 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 quarter in the prior year, the firm earned $0.92 earnings per share. Welltower’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors 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 annualized dividend and a yield of 1.97%. Welltower’s dividend payout ratio is currently 176.32%.

Welltower Company 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.