Gold Investment Management Ltd. Cuts Position in Welltower Inc. $WELL

Gold Investment Management Ltd. trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 41.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,515 shares of the real estate investment trust’s stock after selling 1,805 shares during the quarter. Gold Investment Management Ltd.’s holdings in Welltower were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of WELL. SouthState Corp increased its stake in Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Welltower during the first quarter worth about $27,000. Harbor Capital Advisors Inc. acquired a new position in shares of Welltower during the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in Welltower in the 1st quarter worth approximately $28,000. Finally, Hughes Financial Services LLC purchased a new stake in shares of Welltower during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

WELL has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. KeyCorp raised their price target on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. Wells Fargo & Company raised their price target on shares of Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Scotiabank raised their price target on shares of Welltower from $172.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $180.62.

Welltower Price Performance

Shares of Welltower stock opened at $179.52 on Thursday. Welltower Inc. has a twelve month low of $122.34 and a twelve month high of $180.40. The firm has a market cap of $120.07 billion, a P/E ratio of 101.42, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92. The firm’s 50-day simple moving average is $167.49 and its 200-day simple moving average is $156.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. This is a positive change from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a dividend yield of 1.6%. Welltower’s payout ratio is 167.23%.

Welltower 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.