Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in Welltower Inc. $WELL

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in Welltower Inc. by 7.9% during the second quarter, bringing its total shares to 174,859, valued at approximately $26.9 million.
• Wells Fargo & Company and Evercore ISI both raised their target prices for Welltower shares, now set at $185.00 and $183.00, respectively, reflecting positive analyst sentiment with a consensus rating of "Moderate Buy".
• Welltower announced a quarterly dividend of $0.74 per share, up from its previous $0.67, indicating a commitment to returning value to shareholders.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 7.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,859 shares of the real estate investment trust's stock after acquiring an additional 12,827 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Welltower were worth $26,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. LPL Financial LLC increased its position in Welltower by 3.9% in the first quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust's stock worth $39,536,000 after buying an additional 9,678 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in Welltower by 55.6% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust's stock worth $461,660,000 after buying an additional 1,076,293 shares during the last quarter. Jump Financial LLC purchased a new stake in Welltower in the first quarter worth $1,697,000. Beacon Financial Planning Inc. increased its position in Welltower by 6.8% in the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock worth $4,274,000 after buying an additional 1,780 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its position in Welltower by 61.4% in the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock worth $1,035,000 after buying an additional 2,571 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WELL shares. Wells Fargo & Company raised their target price on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Evercore ISI raised their target price on Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. Cantor Fitzgerald began coverage on Welltower in a research report on Wednesday. They issued an "overweight" rating and a $195.00 price target for the company. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Welltower in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $180.62.

Welltower Price Performance

Shares of NYSE WELL opened at $175.35 on Friday. The stock has a market cap of $117.28 billion, a PE ratio of 99.07, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $180.40. 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 stock has a fifty day moving average of $168.05 and a 200-day moving average of $156.64.

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 for the quarter, beating the consensus estimate of $1.22 by $0.06. The company had revenue of $2.55 billion during 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 firm's quarterly revenue was up 39.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a dividend of $0.74 per share. This is a positive change from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 1.7%. 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.

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.