Walter Public Investments Inc. Purchases New Position in Welltower Inc. $WELL

Walter Public Investments Inc. bought a new position in shares of Welltower Inc. (NYSE:WELL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,000 shares of the real estate investment trust’s stock, valued at approximately $534,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WELL. State Street Corp increased its position in Welltower by 4.6% in the 2nd 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 acquiring an additional 1,740,196 shares during the period. Norges Bank bought a new position in shares of Welltower in the 2nd quarter worth about $4,903,554,000. Geode Capital Management LLC increased its holdings in Welltower by 5.1% in the second 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 purchasing an additional 723,887 shares in the last quarter. JPMorgan Chase & Co. lifted 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 period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Welltower by 5.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,329,291 shares of the real estate investment trust’s stock valued at $1,126,732,000 after purchasing an additional 372,697 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WELL. KeyCorp increased their price target on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. National Bankshares set a $246.00 price target on shares of Welltower in a research report on Friday, October 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Welltower in a research note on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $231.00 price objective on shares of Welltower in a research note on Monday, December 15th. Finally, UBS Group decreased their target price on shares of Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.80.

Welltower Trading Up 0.1%

NYSE WELL opened at $188.45 on Thursday. 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 business has a fifty day simple moving average of $192.80 and a 200 day simple moving average of $176.29. Welltower Inc. has a 12 month low of $125.81 and a 12 month high of $209.05. The firm has a market capitalization of $129.34 billion, a P/E ratio of 129.96, a PEG ratio of 1.36 and a beta of 0.86.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period 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, analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were paid a $0.74 dividend. The ex-dividend date was Monday, November 10th. This represents a $2.96 annualized dividend and a yield of 1.6%. Welltower’s dividend payout ratio (DPR) is 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.