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

Mutual of America Capital Management LLC trimmed its position in Welltower Inc. (NYSE:WELL) by 8.2% during the second quarter, HoldingsChannel.com reports. 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WELL. First Foundation Advisors bought a new stake in Welltower during the second quarter worth about $26,000. Rise Advisors LLC bought a new stake in Welltower during the first quarter worth about $27,000. TruNorth Capital Management LLC bought a new stake in Welltower during the second quarter worth about $27,000. Meeder Asset Management Inc. bought a new stake in Welltower during the second quarter worth about $30,000. Finally, Manchester Capital Management LLC raised its holdings in Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Price Performance

Welltower stock opened at $127.66 on Thursday. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $131.31. The stock’s 50 day moving average is $116.70 and its 200-day moving average is $104.22. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $76.33 billion, a price-to-earnings ratio of 157.60, a PEG ratio of 2.97 and a beta of 1.21.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. The business 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%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share. Equities research analysts expect that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were paid a $0.67 dividend. This is a boost from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, August 12th. Welltower’s payout ratio is 330.86%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley upped their target price on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Wedbush boosted their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. KeyCorp boosted their price target on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Wells Fargo & Company boosted their price target on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.38.

Welltower 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.