Sequoia Financial Advisors LLC Has $3.21 Million Holdings in Welltower Inc. $WELL

Sequoia Financial Advisors LLC increased its position in Welltower Inc. (NYSE:WELL) by 23.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,044 shares of the real estate investment trust’s stock after acquiring an additional 3,470 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Welltower were worth $3,214,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp grew its position in shares of Welltower by 4.6% in 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 purchasing an additional 1,740,196 shares during the last quarter. Norges Bank bought a new stake in Welltower during the 2nd quarter valued at approximately $4,903,554,000. Geode Capital Management LLC grew its holdings in Welltower by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock valued at $2,303,484,000 after buying an additional 723,887 shares during the last quarter. JPMorgan Chase & Co. increased its position in Welltower by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,898,391 shares of the real estate investment trust’s stock worth $1,214,232,000 after buying an additional 149,724 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Welltower by 5.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,329,291 shares of the real estate investment trust’s stock worth $1,126,732,000 after buying an additional 372,697 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WELL shares. Wall Street Zen cut Welltower from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. KeyCorp raised their price target on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 23rd. Jefferies Financial Group restated a “buy” rating and set a $231.00 price objective on shares of Welltower in a report on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $205.00 target price on shares of Welltower in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Trading Down 1.8%

Shares of WELL stock opened at $187.98 on Wednesday. The firm has a fifty day moving average of $192.73 and a 200-day moving average of $177.51. The stock has a market cap of $129.01 billion, a price-to-earnings ratio of 129.64, a P/E/G ratio of 1.38 and a beta of 0.86. Welltower Inc. has a 52-week low of $129.62 and a 52-week 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 issued its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share 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 business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business earned $1.11 EPS. The firm’s revenue was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

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

About Welltower

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.