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

Makena Capital Management LLC trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 2.7% during the 3rd quarter, Holdings Channel reports. The fund owned 101,577 shares of the real estate investment trust’s stock after selling 2,850 shares during the period. Welltower comprises about 3.1% of Makena Capital Management LLC’s portfolio, making the stock its 9th largest position. Makena Capital Management LLC’s holdings in Welltower were worth $13,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WELL. Burke & Herbert Bank & Trust Co. purchased a new stake in shares of Welltower during the 2nd quarter worth $674,000. Manning & Napier Advisors LLC purchased a new stake in Welltower during the second quarter valued at approximately $14,766,000. Van Hulzen Asset Management LLC acquired a new position in shares of Welltower during the second quarter worth $411,000. Atria Investments Inc lifted its holdings in shares of Welltower by 19.4% during the 1st quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust’s stock valued at $2,558,000 after purchasing an additional 4,444 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Welltower by 10.1% in the 2nd quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock worth $146,448,000 after purchasing an additional 129,270 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 0.5 %

NYSE WELL opened at $137.45 on Thursday. The business has a fifty day moving average price of $130.76 and a 200 day moving average price of $116.41. The company has a market cap 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. 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 Inc. has a one year low of $85.40 and a one year high of $140.19.

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 analysts’ consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $0.92 earnings per share. Research analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be issued a $0.67 dividend. 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 is currently 176.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their target price on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Wedbush upped their target price on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, Evercore ISI raised their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.68.

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.