Welltower Inc. $WELL Shares Sold by Westpac Banking Corp

Westpac Banking Corp cut its stake in shares of Welltower Inc. (NYSE:WELL) by 10.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,991 shares of the real estate investment trust’s stock after selling 8,820 shares during the quarter. Welltower comprises approximately 0.8% of Westpac Banking Corp’s investment portfolio, making the stock its 19th biggest holding. Westpac Banking Corp’s holdings in Welltower were worth $11,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Western Wealth Management LLC grew its stake in Welltower by 8.9% during the 2nd quarter. Western Wealth Management LLC now owns 1,839 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 150 shares during the last quarter. Waratah Capital Advisors Ltd. acquired a new stake in shares of Welltower during the second quarter worth about $20,875,000. Kingsview Wealth Management LLC boosted its position in Welltower by 29.9% in the second quarter. Kingsview Wealth Management LLC now owns 7,303 shares of the real estate investment trust’s stock valued at $1,123,000 after buying an additional 1,681 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Welltower by 6.3% in the 2nd quarter. Avantax Advisory Services Inc. now owns 43,032 shares of the real estate investment trust’s stock worth $6,615,000 after buying an additional 2,563 shares during the period. Finally, Westwood Holdings Group Inc. acquired a new position in Welltower in the 2nd quarter worth approximately $4,804,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 1.5%

Shares of NYSE:WELL opened at $193.86 on Friday. The business’s 50 day moving average price is $176.02 and its 200-day moving average price is $163.63. Welltower Inc. has a 1 year low of $123.11 and a 1 year high of $194.83. The firm has a market capitalization of $133.05 billion, a price-to-earnings ratio of 133.69, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 4.19.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, topping the consensus estimate of $1.30 by $0.04. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Tuesday, November 11th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, November 10th. Welltower’s dividend payout ratio is 204.14%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Scotiabank upped their price objective on shares of Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday. National Bankshares set a $246.00 price target on shares of Welltower in a report on Friday, October 17th. Cantor Fitzgerald lifted their price objective on Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. Finally, Evercore ISI upped 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.07.

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.