Welltower Inc. (NYSE:WELL) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV increased its stake in Welltower Inc. (NYSE:WELL) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,941 shares of the real estate investment trust’s stock after acquiring an additional 201 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Welltower were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WELL. Rise Advisors LLC acquired a new position in shares of Welltower in the first quarter worth $27,000. Manchester Capital Management LLC lifted its position in Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Welltower in the fourth quarter valued at $35,000. Opal Wealth Advisors LLC purchased a new stake in Welltower in the first quarter valued at $43,000. Finally, Creekmur Asset Management LLC purchased a new stake in Welltower in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Mizuho upped their target price on shares of Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday. Wedbush upped their target price on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday. Evercore ISI upped their price target on shares of Welltower from $95.00 to $97.00 and gave the company an “in-line” rating in a report 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 research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and an average target price of $104.88.

Insider Transactions at Welltower

In related news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now owns 14,579 shares in the company, valued at approximately $1,514,903.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by insiders.

Welltower Stock Performance

NYSE:WELL traded down $1.72 during mid-day trading on Monday, hitting $111.04. The stock had a trading volume of 4,080,574 shares, compared to its average volume of 2,689,965. Welltower Inc. has a 52 week low of $78.38 and a 52 week high of $115.33. The stock has a market capitalization of $67.64 billion, a price-to-earnings ratio of 138.77, a P/E/G ratio of 2.74 and a beta of 1.18. The company has a 50 day simple moving average of $105.32 and a 200-day simple moving average of $97.09. The company has a current ratio of 4.07, a quick ratio of 3.83 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. Welltower’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, research analysts expect that Welltower Inc. will post 4.16 earnings per share for the current fiscal 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. The ex-dividend date is Monday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a yield of 2.41%. Welltower’s dividend payout ratio is 301.23%.

About Welltower

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.