The Manufacturers Life Insurance Company Has $52.54 Million Stock Position in Welltower Inc. (NYSE:WELL)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 410,362 shares of the real estate investment trust’s stock after selling 4,287 shares during the period. The Manufacturers Life Insurance Company’s holdings in Welltower were worth $52,539,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Burke & Herbert Bank & Trust Co. acquired a new position in Welltower during the second quarter valued at $674,000. Manning & Napier Advisors LLC purchased a new position in Welltower in the second quarter valued at about $14,766,000. Van Hulzen Asset Management LLC purchased a new position in Welltower in the second quarter valued at about $411,000. Atria Investments Inc grew its stake in Welltower by 19.4% in the first quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust’s stock valued at $2,558,000 after purchasing an additional 4,444 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Welltower by 10.1% in the second quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock valued at $146,448,000 after purchasing an additional 129,270 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

WELL opened at $139.30 on Friday. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market cap of $86.74 billion, a PE ratio of 91.64, a price-to-earnings-growth ratio of 3.04 and a beta of 1.20. The stock has a 50-day moving average of $131.98 and a 200-day moving average of $117.95.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 analyst estimates of $1.95 billion. During the same period in the prior year, the firm posted $0.92 EPS. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.92%. Welltower’s dividend payout ratio is presently 176.32%.

Analysts Set New Price Targets

A number of research analysts have commented on WELL shares. Evercore ISI boosted their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Wedbush boosted their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada boosted 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. Scotiabank boosted their target price on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

Welltower 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.