The Manufacturers Life Insurance Company Has $48.06 Million Stock Position in Welltower Inc. (NYSE:WELL)

The Manufacturers Life Insurance Company cut its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 381,328 shares of the real estate investment trust's stock after selling 29,034 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Welltower worth $48,059,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Roxbury Financial LLC acquired a new position in shares of Welltower in the fourth quarter worth about $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of Welltower in the 4th quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new position in shares of Welltower during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc grew its position in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after buying an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of Welltower in the fourth quarter worth $50,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

WELL has been the subject of several research analyst reports. Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $146.00 to $168.00 in a report on Friday, February 28th. Bank of America increased their target price on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Wedbush reiterated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Finally, StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.46.

Welltower Price Performance

Shares of Welltower stock traded up $0.22 on Monday, hitting $150.94. The company had a trading volume of 1,614,883 shares, compared to its average volume of 2,874,318. Welltower Inc. has a 52 week low of $95.86 and a 52 week high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The company has a market cap of $98.71 billion, a PE ratio of 96.80, a PEG ratio of 2.87 and a beta of 0.94. The business has a 50-day simple moving average of $148.06 and a 200-day simple moving average of $139.20.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The firm's quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. Research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower's dividend payout ratio is presently 154.02%.

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.