MassMutual Private Wealth & Trust FSB Purchases 123 Shares of Welltower Inc. (NYSE:WELL)

MassMutual Private Wealth & Trust FSB boosted its holdings in Welltower Inc. (NYSE:WELL) by 6.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,109 shares of the real estate investment trust’s stock after buying an additional 123 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Welltower were worth $266,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WELL. Wellington Management Group LLP raised its stake in shares of Welltower by 10.6% during the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after acquiring an additional 1,797,330 shares during the last quarter. FMR LLC increased its holdings in Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after purchasing an additional 3,977,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Welltower by 638.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock worth $886,022,000 after purchasing an additional 5,982,711 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Welltower by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock worth $776,657,000 after buying an additional 46,332 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Welltower by 11.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock valued at $373,126,000 after buying an additional 291,839 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Trading Down 1.9 %

Shares of Welltower stock opened at $131.17 on Thursday. The stock has a market capitalization of $81.68 billion, a PE ratio of 86.30, a price-to-earnings-growth ratio of 2.61 and a beta of 1.22. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The stock has a 50 day moving average price of $130.23 and a two-hundred day moving average price of $124.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) 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 business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, equities analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.04%. Welltower’s payout ratio is 176.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WELL. Mizuho raised their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Raymond James boosted their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Scotiabank lifted their target price on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Finally, Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and upped their price target for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $127.63.

Welltower Company 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.