Nordea Investment Management AB Has $242.62 Million Stake in Welltower Inc. $WELL

Key Points

• Nordea Investment Management AB increased its stake in Welltower Inc. by 4.6%, holding approximately 1.6 million shares worth around $242.62 million.
• Welltower reported earnings of $1.28 per share for the last quarter, exceeding expectations and marking a 39.6% year-over-year revenue growth.
• The company recently raised its quarterly dividend from $0.67 to $0.74 per share, signaling confidence in its financial performance.

Nordea Investment Management AB lifted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,602,490 shares of the real estate investment trust's stock after buying an additional 70,574 shares during the quarter. Nordea Investment Management AB owned about 0.25% of Welltower worth $242,617,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. LPL Financial LLC grew its position in shares of Welltower by 3.9% during the 1st 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 period. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Welltower by 55.6% during the 1st 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 period. Jump Financial LLC acquired a new stake in shares of Welltower during the 1st quarter worth approximately $1,697,000. Beacon Financial Planning Inc. grew its position in shares of Welltower by 6.8% during the 1st 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 period. Finally, Summit Trail Advisors LLC grew its position in shares of Welltower by 61.4% during the 1st 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 period. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Performance

NYSE WELL opened at $175.33 on Friday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $168.80 and a 200 day simple moving average of $158.04. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $180.40. The company has a market cap of $117.27 billion, a P/E ratio of 99.06, a PEG ratio of 1.94 and a beta of 0.92.

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

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.74 per share. 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 yield of 1.7%. Welltower's dividend payout ratio (DPR) is 167.23%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WELL. KeyCorp raised their price objective 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. UBS Group began coverage on shares of Welltower in a research report on Friday, September 19th. They issued a "buy" rating and a $195.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Scotiabank lifted their price target on shares of Welltower from $181.00 to $182.00 and gave the company an "outperform" rating in a research report on Monday, October 6th. Finally, Evercore ISI lifted their price target 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 analyst has rated the stock with a Strong Buy rating, eleven have issued 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 company currently has a consensus rating of "Moderate Buy" and an average price target of $185.36.

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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