Optas LLC Has $252,000 Stock Holdings in Welltower Inc. $WELL

Key Points

• Optas LLC reduced its stake in Welltower Inc. by 50.4% in Q2, owning 1,639 shares worth $252,000 after selling 1,667 shares.
• Several analysts have increased their price targets for Welltower, with Scotiabank and Wells Fargo setting targets of $182.00 and $185.00 respectively, indicating a generally positive outlook.
• Welltower recently declared an increase in its quarterly dividend to $0.74, resulting in a yield of 1.8% and a payout ratio of 167.23%.

Optas LLC decreased its stake in Welltower Inc. (NYSE:WELL - Free Report) by 50.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,639 shares of the real estate investment trust's stock after selling 1,667 shares during the period. Optas LLC's holdings in Welltower were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SouthState Corp increased its stake in shares of Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 148 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Welltower in the first quarter valued at about $27,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Welltower in the first quarter valued at about $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Welltower in the first quarter valued at about $28,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of Welltower in the first quarter valued at about $31,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WELL shares. Scotiabank increased their price target on Welltower from $181.00 to $182.00 and gave the company an "outperform" rating in a research note on Monday. Cantor Fitzgerald started coverage on Welltower in a research report on Wednesday, October 1st. They set an "overweight" rating and a $195.00 target price on the stock. Evercore ISI upped their target price on Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. Wells Fargo & Company upped their target price on Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Finally, UBS Group started coverage on Welltower in a research report on Friday, September 19th. They set a "buy" rating and a $195.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and a consensus target price of $180.69.

Welltower Stock Down 1.2%

Shares of NYSE:WELL opened at $167.10 on Friday. The business's 50 day simple moving average is $168.60 and its two-hundred day simple moving average is $157.26. The firm has a market cap of $111.76 billion, a P/E ratio of 94.41, a PEG ratio of 1.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. Welltower Inc. has a 52-week low of $122.34 and a 52-week high of $180.40.

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 (EPS) for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter in the prior 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, research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal 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 issued a $0.74 dividend. The ex-dividend date was Tuesday, August 12th. This is an increase from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 1.8%. Welltower's dividend payout ratio is currently 167.23%.

About Welltower

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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