Ascent Group LLC Has $3.39 Million Position in Welltower Inc. $WELL

Key Points

• Ascent Group LLC sold 15.8% of its position in Welltower Inc., reducing its holdings to 22,041 shares worth approximately $3.39 million.
• Large investors like Wellington Management Group and Price T Rowe Associates have increased their stakes in Welltower, demonstrating strong institutional interest in the stock.
• Welltower announced an increase in its quarterly dividend from $0.67 to $0.74, reflecting its commitment to returning value to shareholders.

Ascent Group LLC reduced its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 15.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,041 shares of the real estate investment trust's stock after selling 4,145 shares during the quarter. Ascent Group LLC's holdings in Welltower were worth $3,388,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WELL. Wellington Management Group LLP increased its position in Welltower by 14.0% during the first quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust's stock worth $3,261,792,000 after buying an additional 2,614,562 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Welltower by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust's stock worth $1,367,226,000 after buying an additional 2,622,384 shares during the last quarter. Northern Trust Corp increased its position in Welltower by 0.4% during the first quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust's stock worth $1,297,263,000 after buying an additional 36,725 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Welltower by 7.0% during the first 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 buying an additional 532,135 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Welltower by 14.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust's stock worth $1,065,820,000 after buying an additional 877,856 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WELL has been the topic of several analyst reports. Cantor Fitzgerald initiated coverage on shares of Welltower in a research report on Wednesday. They set an "overweight" rating and a $195.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Scotiabank upped their price target on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. UBS Group began coverage on shares of Welltower in a report on Friday, September 19th. They set a "buy" rating and a $195.00 price target for the company. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $180.62.

Welltower Stock Down 0.1%

Shares of WELL opened at $175.35 on Friday. The stock has a market cap of $117.28 billion, a price-to-earnings ratio of 99.07, a P/E/G ratio of 1.97 and a beta of 0.92. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 12 month low of $122.34 and a 12 month high of $180.40. The company has a 50-day moving average price of $168.05 and a two-hundred day moving average price of $156.70.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The company's revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the business posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were issued a $0.74 dividend. This is an increase from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is 167.23%.

Welltower Company Profile

Welltower Inc NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

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