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

Mutual of America Capital Management LLC lowered its position in shares of Welltower Inc. (NYSE:WELL) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,468 shares of the real estate investment trust’s stock after selling 905 shares during the period. Mutual of America Capital Management LLC’s holdings in Welltower were worth $9,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WELL. Retirement Systems of Alabama boosted its position in shares of Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after acquiring an additional 16,946 shares during the last quarter. Barclays PLC lifted its position in Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Park Avenue Securities LLC grew its stake in Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after buying an additional 2,250 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Welltower by 28.1% in the 4th quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after buying an additional 324,520 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Welltower by 1.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock valued at $2,638,000 after buying an additional 365 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

WELL stock opened at $153.54 on Friday. The stock has a market capitalization of $98.47 billion, a price-to-earnings ratio of 98.42, a PEG ratio of 2.87 and a beta of 1.23. The firm’s 50-day moving average price is $136.36 and its two-hundred day moving average price is $131.48. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $153.90.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is 171.79%.

Analysts Set New Price Targets

Several research analysts recently issued reports on WELL shares. Scotiabank upped their target price on shares of Welltower from $144.00 to $165.00 and gave the stock a “sector outperform” rating in a research report on Friday. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Wedbush raised Welltower from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, Raymond James lifted their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.96.

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.