Mutual of America Capital Management LLC Sells 729 Shares of Welltower Inc. $WELL

Mutual of America Capital Management LLC reduced its stake in Welltower Inc. (NYSE:WELL) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,297 shares of the real estate investment trust’s stock after selling 729 shares during the period. Mutual of America Capital Management LLC’s holdings in Welltower were worth $11,575,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of Welltower by 3.9% in the first quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock worth $39,536,000 after acquiring an additional 9,678 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Welltower by 55.6% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock worth $461,660,000 after acquiring an additional 1,076,293 shares during the period. Jump Financial LLC bought a new position in shares of Welltower in the first quarter worth $1,697,000. Beacon Financial Planning Inc. boosted its holdings in shares of Welltower by 6.8% in the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust’s stock worth $4,274,000 after acquiring an additional 1,780 shares during the period. Finally, Summit Trail Advisors LLC boosted its holdings in shares of Welltower by 61.4% in the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 2,571 shares during the period. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

NYSE:WELL opened at $175.33 on Monday. The firm has a market capitalization of $117.27 billion, a price-to-earnings ratio of 99.06, a P/E/G ratio of 1.97 and a beta of 0.92. Welltower Inc. has a 52-week low of $123.11 and a 52-week high of $180.40. The stock has a fifty day moving average of $168.80 and a 200 day moving average of $158.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.7%. This is an increase from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower’s dividend payout ratio is presently 167.23%.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of analyst reports. Cantor Fitzgerald initiated coverage on Welltower in a report on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 price target for the company. Scotiabank raised their price target on Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. UBS Group assumed coverage on Welltower in a research note on Friday, September 19th. They set a “buy” rating and a $195.00 price objective for the company. Evercore ISI lifted their price objective on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Finally, National Bankshares set a $246.00 price objective on Welltower in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus price target of $185.36.

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.