Victory Capital Management Inc. Has $20.99 Million Holdings in Welltower Inc. (NYSE:WELL)

Victory Capital Management Inc. cut its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 9.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 232,760 shares of the real estate investment trust's stock after selling 24,141 shares during the period. Victory Capital Management Inc.'s holdings in Welltower were worth $20,988,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB grew its position in shares of Welltower by 1,412.2% in the fourth quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust's stock valued at $54,062,000 after purchasing an additional 555,353 shares during the period. Harbour Trust & Investment Management Co purchased a new stake in Welltower during the 4th quarter worth approximately $5,409,000. Koshinski Asset Management Inc. raised its holdings in shares of Welltower by 55.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,108 shares of the real estate investment trust's stock valued at $370,000 after acquiring an additional 1,458 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Welltower by 27.3% in the third quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust's stock valued at $36,643,000 after acquiring an additional 96,046 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Welltower by 57.4% in the fourth quarter. Cerity Partners LLC now owns 168,106 shares of the real estate investment trust's stock worth $15,158,000 after acquiring an additional 61,324 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WELL shares. Mizuho increased their price target on Welltower from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday. BNP Paribas assumed coverage on shares of Welltower in a research report on Monday, March 18th. They set an "outperform" rating and a $104.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Welltower in a research report on Tuesday, January 30th. They set a "buy" rating and a $115.00 price objective for the company. StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a report on Monday. Finally, Scotiabank decreased their price objective on shares of Welltower from $97.00 to $96.00 and set a "sector outperform" rating on the stock in a report on Monday, March 4th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $96.07.

Welltower Stock Performance

NYSE WELL traded up $0.28 during trading on Friday, reaching $98.83. The company's stock had a trading volume of 1,763,306 shares, compared to its average volume of 2,528,646. The business's fifty day moving average price is $92.74 and its 200-day moving average price is $90.12. Welltower Inc. has a twelve month low of $72.47 and a twelve month high of $99.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The firm has a market cap of $59.09 billion, a price-to-earnings ratio of 122.36, a P/E/G ratio of 2.42 and a beta of 1.07.

Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.72). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm's revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. As a group, analysts anticipate that Welltower Inc. will post 4.06 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Friday, May 10th. Welltower's payout ratio is currently 301.23%.

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.