VIRGINIA RETIREMENT SYSTEMS ET Al Increases Stock Position in Welltower Inc. $WELL

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Welltower Inc. (NYSE:WELL) by 13.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,160 shares of the real estate investment trust’s stock after purchasing an additional 39,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.05% of Welltower worth $59,705,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in Welltower by 4.6% during the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after buying an additional 1,740,196 shares during the last quarter. Norges Bank bought a new stake in Welltower in the 2nd quarter worth approximately $4,903,554,000. Geode Capital Management LLC raised its holdings in shares of Welltower by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after acquiring an additional 723,887 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Welltower by 7.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust’s stock worth $1,250,935,000 after acquiring an additional 532,135 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Welltower by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,898,391 shares of the real estate investment trust’s stock valued at $1,214,232,000 after acquiring an additional 149,724 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WELL has been the topic of several research reports. Cantor Fitzgerald boosted their price target on shares of Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. UBS Group boosted their target price on shares of Welltower from $203.00 to $232.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Wells Fargo & Company upped their target price on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Morgan Stanley lifted their price target on Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $205.00 price objective on shares of Welltower in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.80.

Welltower Price Performance

Welltower stock opened at $187.93 on Wednesday. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $209.05. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $191.52 and a 200-day moving average price of $173.86. The firm has a market capitalization of $128.98 billion, a PE ratio of 129.60, a price-to-earnings-growth ratio of 1.51 and a beta of 0.84.

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, beating the consensus estimate of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the firm posted $1.11 EPS. The firm’s revenue was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, equities research analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, November 10th. Welltower’s dividend payout ratio is presently 204.14%.

Welltower Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.