Makena Capital Management LLC Has $13.01 Million Holdings in Welltower Inc. (NYSE:WELL)

Makena Capital Management LLC lessened its holdings in Welltower Inc. (NYSE:WELL) by 2.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 101,577 shares of the real estate investment trust’s stock after selling 2,850 shares during the period. Welltower accounts for approximately 3.1% of Makena Capital Management LLC’s holdings, making the stock its 9th biggest position. Makena Capital Management LLC’s holdings in Welltower were worth $13,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zimmer Partners LP bought a new position in shares of Welltower during the first quarter worth $309,917,000. Duff & Phelps Investment Management Co. purchased a new position in shares of Welltower during the second quarter valued at about $254,977,000. Swedbank AB purchased a new position in shares of Welltower during the first quarter valued at about $66,905,000. Canada Pension Plan Investment Board increased its holdings in shares of Welltower by 24.6% in the second quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust’s stock worth $220,223,000 after purchasing an additional 417,046 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Welltower by 11.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock worth $373,126,000 after buying an additional 291,839 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

Shares of WELL stock opened at $137.45 on Thursday. The stock has a 50 day moving average price of $130.76 and a 200 day moving average price of $116.41. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The firm has a market capitalization of $85.59 billion, a P/E ratio of 90.43, a P/E/G ratio of 3.10 and a beta of 1.20.

Welltower (NYSE:WELL) last released its earnings results 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). The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. As a group, sell-side analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WELL. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Scotiabank upped their target price on shares of Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research report on Monday, September 23rd. Finally, Wedbush lifted their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Five investment 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 company. Based on data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.68.

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.