LGT Fund Management Co Ltd. Cuts Position in Welltower Inc. $WELL

Key Points

• LGT Fund Management Co Ltd. reduced its stake in Welltower Inc. by 75.5% in Q2, now holding only 2,568 shares worth approximately $395,000.
• Welltower reported a quarterly EPS of $1.28, exceeding expectations and marking a 39.6% revenue increase year-over-year.
• The company recently raised its quarterly dividend to $0.74, reflecting a positive change from previous dividends and a yield of 1.7%.

LGT Fund Management Co Ltd. decreased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 75.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,568 shares of the real estate investment trust's stock after selling 7,902 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in Welltower were worth $395,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WELL. SouthState Corp raised its position in Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Welltower in the first quarter worth $27,000. Harbor Capital Advisors Inc. purchased a new position in Welltower in the first 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 purchased a new position in Welltower in the first quarter worth $31,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Stock Down 0.1%

WELL opened at $175.35 on Friday. 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 firm has a market cap of $117.28 billion, a P/E ratio of 99.07, a PEG ratio of 1.97 and a beta of 0.92. Welltower Inc. has a 52 week low of $122.34 and a 52 week high of $180.40. The business's fifty day simple moving average is $168.05 and its 200 day simple moving average is $156.70.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business's revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

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

Analyst Upgrades and Downgrades

WELL has been the topic of several research reports. KeyCorp upped their target price on Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, September 23rd. UBS Group initiated coverage on Welltower in a report on Friday, September 19th. They issued a "buy" rating and a $195.00 target price on the stock. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Scotiabank upped their target price on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Finally, Evercore ISI upped their target price on Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a report on Monday, September 15th. One 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $180.62.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.