Jackson Wealth Management LLC acquired a new position in Welltower Inc. (NYSE:WELL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,185 shares of the real estate investment trust's stock, valued at approximately $490,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in Welltower by 14.0% in the 1st 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 purchasing an additional 2,614,562 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Welltower by 41.6% in the 1st 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 purchasing an additional 2,622,384 shares in the last quarter. Northern Trust Corp raised its holdings in Welltower by 0.4% in the 1st quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust's stock worth $1,297,263,000 after purchasing an additional 36,725 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Welltower by 7.0% in the 1st 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 purchasing an additional 532,135 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Welltower by 14.4% in the 1st 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 period. 94.80% of the stock is currently owned by institutional investors.
Welltower Stock Performance
Shares of NYSE WELL opened at $175.35 on Friday. The firm's 50-day moving average price is $168.05 and its 200-day moving average price is $156.64. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a market cap of $117.28 billion, a PE ratio of 99.07, a PEG ratio of 1.98 and a beta of 0.92. Welltower Inc. has a 52-week low of $122.34 and a 52-week high of $180.40.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating 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 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 last year, the firm posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, analysts anticipate that Welltower Inc. will post 4.88 EPS for the current 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 $0.74 dividend. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. Welltower's dividend payout ratio (DPR) is currently 167.23%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on WELL. Scotiabank upped their target price on shares of Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. KeyCorp upped their target price on shares of Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 23rd. Cantor Fitzgerald began coverage on shares of Welltower in a research report on Wednesday. They set an "overweight" rating and a $195.00 price objective on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Welltower in a research report on Saturday, September 27th. Finally, Evercore ISI increased their price objective on shares of Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. One research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $180.62.
Read Our Latest Stock Report on WELL
Welltower Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL - Free Report).
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