The Manufacturers Life Insurance Company Sells 17,860 Shares of Welltower Inc. $WELL
MarketBeat
The Manufacturers Life Insurance Company reduced its stake in Welltower Inc. (NYSE:WELL) by 4.2% in the second quarter, selling 17,860 shares and retaining 403,898 shares valued at approximately $91.7 million. Despite this, institutional investors collectively own 94.8% of the REIT, and analyst sentiment remains positive with a "Moderate Buy" consensus and an average price target above the current stock price. Welltower also reported a 39.1% year-over-year revenue growth and increased its quarte
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