Meiji Yasuda Asset Management Co Ltd. Trims Stake in Welltower Inc. $WELL

Key Points

• Meiji Yasuda Asset Management Co Ltd. reduced its stake in Welltower Inc. by 5.9%, now holding 52,906 shares worth approximately $8,106,000.
• Welltower recently announced a quarterly dividend increase to $0.74 per share, up from $0.67, with a current dividend yield of 1.8%.
• Analysts are optimistic about Welltower, with price target increases from several firms, forecasting a moderate buy consensus and a target price of $175.00.

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,906 shares of the real estate investment trust's stock after selling 3,306 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Welltower were worth $8,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geller Advisors LLC increased its stake in shares of Welltower by 3.7% during the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock worth $241,000 after purchasing an additional 69 shares in the last quarter. Good Life Advisors LLC increased its stake in Welltower by 1.2% during the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after buying an additional 69 shares during the period. Rise Advisors LLC increased its position in shares of Welltower by 23.3% in the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 69 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Welltower by 4.3% in the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock valued at $273,000 after purchasing an additional 73 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its position in Welltower by 2.0% in the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock valued at $558,000 after acquiring an additional 73 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Welltower Stock Performance

Shares of WELL stock opened at $167.78 on Monday. Welltower Inc. has a 52 week low of $122.34 and a 52 week high of $171.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The company's 50 day moving average price is $162.15 and its two-hundred day moving average price is $153.84. The company has a market capitalization of $112.22 billion, a P/E ratio of 94.79, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93.

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

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were issued a $0.74 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio (DPR) is 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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