PGGM Investments Has $498.93 Million Stock Position in Welltower Inc. $WELL

PGGM Investments grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 5.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,800,752 shares of the real estate investment trust’s stock after purchasing an additional 138,665 shares during the period. Welltower makes up approximately 8.1% of PGGM Investments’ holdings, making the stock its largest position. PGGM Investments owned approximately 0.42% of Welltower worth $498,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB raised its stake in Welltower by 13.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 3,282 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 392 shares during the last quarter. Beacon Financial Planning Inc. increased its holdings in shares of Welltower by 3.1% during the third quarter. Beacon Financial Planning Inc. now owns 28,119 shares of the real estate investment trust’s stock valued at $5,009,000 after acquiring an additional 844 shares in the last quarter. Walter Public Investments Inc. purchased a new position in shares of Welltower in the 3rd quarter worth about $534,000. Silverlake Wealth Management LLC bought a new position in Welltower in the 3rd quarter worth about $214,000. Finally, Stephens Inc. AR grew its position in Welltower by 1.7% during the 3rd quarter. Stephens Inc. AR now owns 9,666 shares of the real estate investment trust’s stock valued at $1,722,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on WELL shares. 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 report on Thursday, January 8th. National Bankshares set a $246.00 price objective on Welltower in a research report on Friday, October 17th. Wall Street Zen lowered Welltower from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $231.00 price target on shares of Welltower in a report on Monday, December 15th. Finally, Scotiabank lifted their price objective on Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a report on Thursday, November 13th. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.80.

Welltower Stock Performance

WELL stock opened at $188.19 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. Welltower Inc. has a 1 year low of $126.50 and a 1 year high of $209.05. The company has a market cap of $129.16 billion, a P/E ratio of 129.79, a price-to-earnings-growth ratio of 1.36 and a beta of 0.86. The stock’s fifty day moving average price is $192.81 and its 200-day moving average price is $176.38.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. The company had revenue of $2.69 billion for 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%.Welltower’s revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors 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 (DPR) 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.