DekaBank Deutsche Girozentrale Buys 3,115 Shares of Welltower Inc. $WELL

DekaBank Deutsche Girozentrale grew its stake in Welltower Inc. (NYSE:WELL - Free Report) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 382,262 shares of the real estate investment trust's stock after acquiring an additional 3,115 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.06% of Welltower worth $58,313,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WELL. Brighton Jones LLC grew its holdings in Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after purchasing an additional 279 shares during the period. GAMMA Investing LLC boosted its position in shares of Welltower by 13.8% during the first quarter. GAMMA Investing LLC now owns 11,344 shares of the real estate investment trust's stock worth $1,738,000 after purchasing an additional 1,380 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Welltower by 83.8% in the 1st quarter. Blue Trust Inc. now owns 1,757 shares of the real estate investment trust's stock valued at $269,000 after buying an additional 801 shares during the period. Advisor Resource Council bought a new stake in shares of Welltower in the 1st quarter valued at $274,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Welltower in the 1st quarter valued at $223,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Trading Down 1.5%

NYSE:WELL opened at $175.12 on Wednesday. The company has a market cap of $117.13 billion, a P/E ratio of 98.94, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92. Welltower Inc. has a twelve month low of $123.11 and a twelve month high of $180.40. The business has a 50 day moving average price of $169.21 and a two-hundred day moving average price of $158.47. 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 (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The firm's revenue for the quarter was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on WELL. Cantor Fitzgerald started coverage on Welltower in a report on Wednesday, October 1st. They set an "overweight" rating and a $195.00 target price on the stock. UBS Group assumed coverage on Welltower in a report on Friday, September 19th. They set a "buy" rating and a $195.00 price objective on the stock. KeyCorp boosted their price objective on Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, September 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Welltower in a report on Wednesday, October 8th. Finally, Scotiabank lifted their price target on shares of Welltower from $181.00 to $182.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and an average target price of $186.43.

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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