141,643 Shares in Welltower Inc. (NYSE:WELL) Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC acquired a new position in Welltower Inc. (NYSE:WELL) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 141,643 shares of the real estate investment trust’s stock, valued at approximately $14,766,000.

Several other institutional investors and hedge funds have also made changes to their positions in WELL. RDA Financial Network raised its stake in Welltower by 0.6% in the 2nd quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock valued at $1,685,000 after purchasing an additional 104 shares during the last quarter. Trueblood Wealth Management LLC raised its stake in Welltower by 1.2% in the 1st quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock valued at $847,000 after purchasing an additional 109 shares during the last quarter. Simplicity Wealth LLC raised its stake in Welltower by 0.9% in the 2nd quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock valued at $1,267,000 after purchasing an additional 113 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Welltower by 21.2% in the 4th quarter. First Horizon Advisors Inc. now owns 691 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 121 shares during the last quarter. Finally, Graypoint LLC raised its stake in Welltower by 4.8% in the 1st quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 122 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WELL has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. KeyCorp upped their price objective on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. 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, May 8th. Evercore ISI upped their price objective on shares of Welltower from $95.00 to $97.00 and gave the company an “in-line” rating in a research note on Tuesday, July 16th. Finally, Wells Fargo & Company upped their price objective on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.19.

Welltower Trading Up 1.5 %

WELL traded up $1.70 on Friday, reaching $117.43. 2,209,223 shares of the company’s stock were exchanged, compared to its average volume of 2,698,819. The company has a market cap of $70.21 billion, a price-to-earnings ratio of 144.98, a PEG ratio of 2.74 and a beta of 1.18. Welltower Inc. has a twelve month low of $78.38 and a twelve month high of $117.67. The company’s 50 day moving average is $106.36 and its 200-day moving average is $97.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.83 and a current ratio of 4.07.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. Welltower’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. Equities analysts predict that Welltower Inc. will post 4.16 earnings per share for the current year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, August 12th. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is currently 330.86%.

Insiders Place Their Bets

In other news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the transaction, the director now directly owns 14,579 shares in the company, valued at approximately $1,514,903.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.12% of the stock is owned by company insiders.

Welltower Company 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.