Victory Capital Management Inc. Has $46.52 Million Stake in Welltower Inc. (NYSE:WELL)

Victory Capital Management Inc. lifted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 52.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 363,378 shares of the real estate investment trust's stock after acquiring an additional 125,046 shares during the period. Victory Capital Management Inc. owned 0.06% of Welltower worth $46,523,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. First Foundation Advisors acquired a new position in Welltower in the second quarter valued at about $26,000. TruNorth Capital Management LLC bought a new stake in Welltower in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower during the 2nd quarter worth $30,000. Fortitude Family Office LLC raised its position in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 78 shares during the period. Finally, Centerpoint Advisors LLC bought a new position in Welltower in the second quarter valued at approximately $31,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent research reports. StockNews.com raised Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Scotiabank lifted their price target on Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Finally, Wolfe Research raised shares of Welltower to a "strong-buy" rating in a report on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.68.

Welltower Price Performance

WELL stock traded up $1.60 during trading on Friday, reaching $136.02. 1,994,313 shares of the company were exchanged, compared to its average volume of 2,678,506. The company has a market capitalization of $84.70 billion, a price-to-earnings ratio of 89.49, a P/E/G ratio of 3.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The company has a 50-day moving average of $130.20 and a two-hundred day moving average of $115.38. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.19.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the business earned $0.92 EPS. The company's revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.97%. Welltower's dividend payout ratio (DPR) is presently 176.32%.

About Welltower

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.