Carmel Capital Partners LLC Cuts Stock Position in Welltower Inc. $WELL

Key Points

• Carmel Capital Partners LLC reduced its stake in Welltower Inc. by 41.5%, leaving it with 2,612 shares worth $402,000 after selling 1,855 shares during the second quarter.
• Despite Carmel's reduction, other hedge funds increased their positions in Welltower, with SouthState Corp raising its stake by 704.8% in the first quarter.
• An increase in Welltower's quarterly dividend to $0.74 per share was announced, reflecting a growth from the previous $0.67 dividend, resulting in an annualized yield of 1.7%.

Carmel Capital Partners LLC cut its position in Welltower Inc. (NYSE:WELL - Free Report) by 41.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,612 shares of the real estate investment trust's stock after selling 1,855 shares during the quarter. Carmel Capital Partners LLC's holdings in Welltower were worth $402,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WELL. SouthState Corp raised its stake in shares of Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 148 shares during the period. Wealth Preservation Advisors LLC bought a new stake in shares of Welltower in the first quarter valued at $27,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower in the first quarter valued at $28,000. Hughes Financial Services LLC bought a new stake in shares of Welltower in the first quarter valued at $31,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Welltower in the first quarter valued at $32,000. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on WELL shares. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Wells Fargo & Company boosted their target price on Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. KeyCorp boosted their price objective on Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, September 23rd. UBS Group assumed coverage on Welltower in a research note on Friday, September 19th. They set a "buy" rating and a $195.00 price objective on the stock. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Welltower in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $185.36.

Welltower Stock Performance

NYSE:WELL opened at $175.33 on Friday. The firm has a market cap of $117.27 billion, a price-to-earnings ratio of 99.06, a PEG ratio of 1.94 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The business's fifty day moving average is $168.80 and its 200 day moving average is $158.04. Welltower Inc. has a 52-week low of $123.11 and a 52-week high of $180.40.

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

Welltower Increases Dividend

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

Welltower 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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