QRG Capital Management Inc. Sells 16,442 Shares of Welltower Inc. $WELL

QRG Capital Management Inc. lowered its stake in shares of Welltower Inc. (NYSE:WELL) by 18.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,371 shares of the real estate investment trust’s stock after selling 16,442 shares during the quarter. QRG Capital Management Inc.’s holdings in Welltower were worth $12,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WELL. Global Wealth Strategies & Associates acquired a new position in Welltower during the 3rd quarter worth $36,000. Newbridge Financial Services Group Inc. raised its position in shares of Welltower by 39.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 87 shares during the last quarter. Copia Wealth Management acquired a new position in shares of Welltower during the second quarter valued at $51,000. NewSquare Capital LLC lifted its stake in shares of Welltower by 30.2% during the second quarter. NewSquare Capital LLC now owns 362 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 84 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in Welltower in the third quarter valued at about $59,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

WELL has been the subject of several recent research reports. KeyCorp boosted their price objective on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $205.00 price target on shares of Welltower in a research note on Thursday, December 18th. Wall Street Zen lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Morgan Stanley lifted their target price on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, Scotiabank increased their price target on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $204.80.

Welltower Trading Up 1.6%

WELL opened at $191.18 on Friday. The firm’s fifty day moving average is $192.82 and its two-hundred day moving average is $176.81. The firm has a market cap of $131.21 billion, a PE ratio of 131.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.86. Welltower Inc. has a twelve month low of $128.35 and a twelve month high of $209.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47.

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

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Tuesday, November 11th were given a $0.74 dividend. The ex-dividend date was Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. Welltower’s payout ratio is currently 204.14%.

Welltower Company 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.