Ethic Inc. Has $15.47 Million Stake in Welltower Inc. $WELL

Key Points

• Ethic Inc. increased its stake in Welltower Inc. by 4.7% during Q2, totaling a holding worth $15.47 million after acquiring additional shares.
• Several analysts have issued reports on Welltower, with Cantor Fitzgerald giving it an "overweight" rating and a price target of $195.00, while the average target is $186.43.
• Welltower announced a quarterly dividend increase to $0.74 per share, up from $0.67, reflecting a positive earnings performance with a 39.6% year-over-year revenue increase.

Ethic Inc. grew its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,657 shares of the real estate investment trust's stock after purchasing an additional 4,563 shares during the period. Ethic Inc.'s holdings in Welltower were worth $15,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SouthState Corp increased its stake in Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 148 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in Welltower during the first quarter worth about $27,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Welltower in the 1st quarter valued at approximately $28,000. Hughes Financial Services LLC acquired a new position in shares of Welltower in the 1st quarter valued at approximately $31,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Welltower during the 1st quarter worth approximately $32,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WELL shares. Cantor Fitzgerald initiated coverage on Welltower in a research note on Wednesday, October 1st. They issued an "overweight" rating and a $195.00 price target on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Welltower in a report on Wednesday, October 8th. National Bankshares set a $246.00 target price on shares of Welltower in a research report on Friday. Scotiabank raised their price target on shares of Welltower from $181.00 to $182.00 and gave the stock an "outperform" rating in a report on Monday, October 6th. Finally, Wells Fargo & Company upped their price objective on shares of Welltower from $185.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $186.43.

Welltower Trading Down 1.1%

NYSE:WELL opened at $175.78 on Wednesday. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $180.40. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $117.56 billion, a price-to-earnings ratio of 99.43, a PEG ratio of 1.99 and a beta of 0.92. The firm has a fifty day simple moving average of $169.21 and a two-hundred day simple moving average of $158.47.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. The firm had revenue of $2.55 billion for 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 business's quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

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