Manning & Napier Group LLC Sells 1,410 Shares of Welltower Inc (NYSE:WELL)

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Manning & Napier Group LLC cut its stake in Welltower Inc (NYSE:WELL) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,780 shares of the real estate investment trust’s stock after selling 1,410 shares during the quarter. Manning & Napier Group LLC’s holdings in Welltower were worth $7,956,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Nuveen Asset Management LLC increased its stake in Welltower by 241.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,239,009 shares of the real estate investment trust’s stock worth $427,136,000 after purchasing an additional 3,702,502 shares in the last quarter. American Century Companies Inc. increased its stake in Welltower by 154.5% during the 1st quarter. American Century Companies Inc. now owns 3,020,615 shares of the real estate investment trust’s stock worth $234,400,000 after purchasing an additional 1,833,933 shares in the last quarter. Vanguard Group Inc. increased its stake in Welltower by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 51,909,429 shares of the real estate investment trust’s stock worth $4,232,177,000 after purchasing an additional 1,565,217 shares in the last quarter. BlackRock Inc. increased its stake in Welltower by 3.2% during the 2nd quarter. BlackRock Inc. now owns 41,193,851 shares of the real estate investment trust’s stock worth $3,358,533,000 after purchasing an additional 1,275,865 shares in the last quarter. Finally, Morgan Stanley increased its stake in Welltower by 21.9% during the 2nd quarter. Morgan Stanley now owns 4,233,851 shares of the real estate investment trust’s stock worth $345,186,000 after purchasing an additional 760,817 shares in the last quarter. 89.26% of the stock is owned by institutional investors.

NYSE:WELL opened at $91.18 on Friday. Welltower Inc has a twelve month low of $60.93 and a twelve month high of $92.50. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average price of $89.65 and a two-hundred day moving average price of $83.15. The company has a market cap of $36.95 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 5.53 and a beta of 0.21.

Welltower (NYSE:WELL) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.70). Welltower had a return on equity of 4.62% and a net margin of 11.98%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company earned $1.00 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. As a group, analysts anticipate that Welltower Inc will post 4.16 earnings per share for the current fiscal year.

WELL has been the subject of a number of research reports. Wood & Company reissued an “average” rating on shares of Welltower in a research note on Thursday, August 22nd. ValuEngine cut Welltower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank set a $80.00 target price on Welltower and gave the stock a “hold” rating in a research note on Friday, June 14th. Morgan Stanley increased their target price on Welltower from $91.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 17th. Finally, Stifel Nicolaus increased their target price on Welltower from $87.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $81.77.

Welltower Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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