Jones Financial Companies Lllp Lowers Position in Welltower Inc. $WELL

Key Points

• Jones Financial Companies Lllp has significantly reduced its stake in Welltower Inc. by 72.7%, ending the quarter with 16,676 shares valued at approximately $2.55 million.
• Several brokerages have raised their price targets for Welltower, with Wells Fargo increasing its target from $175 to $185 and maintaining an "overweight" rating.
• The company recently announced a quarterly dividend of $0.74 per share, reflecting an increase from the previous dividend of $0.67, with a yield of 1.8%.

Jones Financial Companies Lllp decreased its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 72.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,676 shares of the real estate investment trust's stock after selling 44,368 shares during the quarter. Jones Financial Companies Lllp's holdings in Welltower were worth $2,555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WELL. SouthState Corp lifted its position in Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Welltower during the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. bought a new stake in shares of Welltower during the 1st quarter worth $28,000. Smallwood Wealth Investment Management LLC purchased a new position in Welltower in the first quarter worth $28,000. Finally, Hughes Financial Services LLC bought a new position in Welltower in the first quarter valued at $31,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WELL. Wells Fargo & Company lifted their price target on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. Evercore ISI upped their target price on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. Finally, Scotiabank increased their price target on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $175.00.

Welltower Price Performance

WELL opened at $168.12 on Thursday. The stock's 50 day simple moving average is $163.15 and its 200 day simple moving average is $154.19. 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 $122.34 and a 1 year high of $171.09. The firm has a market cap of $112.44 billion, a price-to-earnings ratio of 94.98, a PEG ratio of 1.90 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business's quarterly revenue was up 39.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio is currently 167.23%.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach purchased 20,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were acquired at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the acquisition, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

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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