Victory Capital Management Inc. Has $54.20 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Victory Capital Management Inc. raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,778 shares of the real estate investment trust's stock after buying an additional 6,792 shares during the quarter. Victory Capital Management Inc. owned 0.05% of Welltower worth $54,202,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Welltower by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after purchasing an additional 2,612,044 shares in the last quarter. Capital International Investors increased its holdings in Welltower by 0.9% in the 4th quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock worth $4,674,826,000 after purchasing an additional 318,496 shares in the last quarter. Norges Bank acquired a new position in Welltower in the 4th quarter worth about $3,943,892,000. Bank of America Corp DE increased its holdings in Welltower by 9.7% in the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock worth $2,357,617,000 after purchasing an additional 1,652,611 shares in the last quarter. Finally, FMR LLC increased its holdings in Welltower by 9.4% in the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock worth $1,989,106,000 after purchasing an additional 1,354,231 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Trading Up 0.8%

Shares of NYSE WELL opened at $158.96 on Friday. The business's 50 day moving average is $152.07 and its two-hundred day moving average is $146.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. Welltower Inc. has a 1-year low of $105.86 and a 1-year high of $159.57. The stock has a market capitalization of $103.95 billion, a P/E ratio of 91.36, a PEG ratio of 1.83 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the business earned $1.01 earnings per share. The company's revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.69%. Welltower's dividend payout ratio is currently 154.02%.

Insiders Place Their Bets

In related news, Director Andrew Gundlach bought 20,000 shares of the stock in a transaction on Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the acquisition, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on WELL shares. Evercore ISI raised their target price on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Wells Fargo & Company raised their target price on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Morgan Stanley raised their target price on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $168.18.

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.

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