Heartland Bank & Trust Co Makes New Investment in Welltower Inc. $WELL

Key Points

• Heartland Bank & Trust Co has acquired 2,861 shares of Welltower Inc., valued at approximately $440,000, marking a new investment in the real estate investment trust.
• Wells Fargo upgraded Welltower's price target to $185.00, while other analysts provided varying ratings and price targets, with an average consensus price target of $180.69.
• Welltower recently increased its quarterly dividend from $0.67 to $0.74 per share, representing an annualized yield of 1.8%.

Heartland Bank & Trust Co acquired a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,861 shares of the real estate investment trust's stock, valued at approximately $440,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. Brighton Jones LLC boosted its stake 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 worth $527,000 after buying an additional 279 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Welltower during the first quarter worth $28,000. GAMMA Investing LLC lifted its stake in shares of Welltower by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 11,344 shares of the real estate investment trust's stock valued at $1,738,000 after purchasing an additional 1,380 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Welltower by 0.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 21,064 shares of the real estate investment trust's stock valued at $3,227,000 after purchasing an additional 133 shares during the last quarter. Finally, CVA Family Office LLC grew its holdings in shares of Welltower by 12.3% during the 1st quarter. CVA Family Office LLC now owns 733 shares of the real estate investment trust's stock worth $112,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WELL. Wells Fargo & Company boosted their price objective on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Scotiabank boosted their price objective on shares of Welltower from $181.00 to $182.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Weiss Ratings restated a "buy (b)" rating on shares of Welltower in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald started coverage on shares of Welltower in a report on Wednesday, October 1st. They issued an "overweight" rating and a $195.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $180.69.

Welltower Price Performance

Shares of NYSE WELL opened at $166.68 on Tuesday. The stock's 50-day moving average is $168.55 and its two-hundred day moving average is $157.58. The company has a market cap of $111.48 billion, a price-to-earnings ratio of 94.17, a price-to-earnings-growth ratio of 1.87 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. Welltower Inc. has a 1-year low of $123.11 and a 1-year high of $180.40.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm's quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Analysts forecast 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 dividend of $0.74 per share. 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 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower's dividend payout ratio 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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