Vanguard Group Inc. Trims Stock Holdings in Welltower Inc. $WELL

Vanguard Group Inc. lowered its position in shares of Welltower Inc. (NYSE:WELL) by 7.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 85,786,487 shares of the real estate investment trust’s stock after selling 6,603,846 shares during the quarter. Vanguard Group Inc. owned about 12.83% of Welltower worth $13,187,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WELL. SouthState Corp lifted its holdings in shares of Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 148 shares during the period. Wealth Preservation Advisors LLC purchased a new position in Welltower during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC acquired a new stake in Welltower during the 1st quarter valued at approximately $32,000. WPG Advisers LLC purchased a new stake in shares of Welltower in the 1st quarter valued at $34,000. Finally, Saudi Central Bank acquired a new stake in shares of Welltower in the first quarter worth $38,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WELL. Wells Fargo & Company raised their target price on shares of Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. KeyCorp boosted their price objective on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. National Bankshares set a $246.00 target price on Welltower in a research note on Friday, October 17th. Loop Capital set a $196.00 price target on Welltower in a research report on Wednesday, October 29th. Finally, Evercore ISI boosted their price target on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.07.

Welltower Price Performance

NYSE:WELL opened at $197.22 on Tuesday. Welltower Inc. has a 52 week low of $123.11 and a 52 week high of $197.43. The company has a quick ratio of 4.19, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $135.36 billion, a PE ratio of 136.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The stock’s 50-day moving average price is $176.57 and its 200-day moving average price is $164.04.

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

Welltower Announces Dividend

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

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.