Welltower Inc. $WELL Shares Purchased by OFI Invest Asset Management

OFI Invest Asset Management boosted its position in Welltower Inc. (NYSE:WELL) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,146 shares of the real estate investment trust’s stock after purchasing an additional 84 shares during the quarter. OFI Invest Asset Management’s holdings in Welltower were worth $1,406,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp raised its stake in Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in Welltower in the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Welltower in the 1st quarter worth $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Welltower in the 1st quarter worth $28,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of Welltower in the 1st quarter worth $31,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Welltower in a research note on Wednesday. Scotiabank raised their target price on Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Cantor Fitzgerald assumed coverage on Welltower in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 target price for the company. Evercore ISI raised their target price on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $180.69.

Welltower Stock Down 0.9%

Shares of NYSE:WELL opened at $165.84 on Friday. The business has a 50-day moving average price of $168.59 and a 200 day moving average price of $157.43. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $110.92 billion, a price-to-earnings ratio of 93.70, a PEG ratio of 1.87 and a beta of 0.92. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $180.40.

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, topping analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company’s quarterly revenue was up 39.6% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Sell-side analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a $0.74 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.8%. This is an increase from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio is presently 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.