Primecap Management Co. CA Increases Holdings in Welltower Inc. $WELL

Primecap Management Co. CA boosted its position in Welltower Inc. (NYSE:WELL) by 878.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 386,509 shares of the real estate investment trust’s stock after buying an additional 347,009 shares during the period. Primecap Management Co. CA’s holdings in Welltower were worth $59,418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SouthState Corp raised its holdings in shares of Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in Welltower during the 1st quarter worth about $27,000. N.E.W. Advisory Services LLC acquired a new position in Welltower in the 1st quarter valued at about $32,000. WPG Advisers LLC purchased a new position in Welltower in the 1st quarter valued at about $34,000. Finally, Saudi Central Bank acquired a new stake in shares of Welltower during the 1st quarter worth about $38,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Down 0.8%

NYSE:WELL opened at $196.80 on Thursday. The business’s 50-day moving average is $177.74 and its two-hundred day moving average is $164.60. The firm has a market capitalization of $135.07 billion, a PE ratio of 135.72, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $200.64. 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 earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share 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 the consensus estimate of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The company’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th will be paid 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 currently 204.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Cantor Fitzgerald boosted their price objective on shares of Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. KeyCorp boosted their price target on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Evercore ISI raised their price objective on 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 reaffirmed a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.