Public Employees Retirement System of Ohio Raises Stock Holdings in Welltower Inc. $WELL

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Welltower Inc. by 3.8% during the second quarter, now holding approximately 1,152,310 shares, which accounts for 0.6% of its portfolio.
• Welltower reported a 39.6% year-over-year increase in revenue for the last quarter, posting $2.55 billion compared to consensus estimates of $2.49 billion.
• Welltower declared a quarterly dividend of $0.74, up from the previous $0.67, representing an annualized yield of 1.7%.

Public Employees Retirement System of Ohio increased its position in Welltower Inc. (NYSE:WELL - Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,152,310 shares of the real estate investment trust's stock after purchasing an additional 42,495 shares during the period. Welltower accounts for 0.6% of Public Employees Retirement System of Ohio's portfolio, making the stock its 22nd biggest position. Public Employees Retirement System of Ohio owned approximately 0.18% of Welltower worth $177,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. Good Life Advisors LLC grew its stake in shares of Welltower by 1.2% in the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after acquiring an additional 69 shares during the last quarter. Rise Advisors LLC grew its stake in shares of Welltower by 23.3% in the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 69 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Welltower by 4.3% in the first quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock worth $273,000 after acquiring an additional 73 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its stake in shares of 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 worth $558,000 after acquiring an additional 73 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in shares of Welltower by 7.8% in the second quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust's stock worth $155,000 after acquiring an additional 73 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Up 3.1%

WELL stock opened at $172.56 on Wednesday. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $172.71. The business's 50-day moving average is $165.62 and its two-hundred day moving average is $155.18. 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 has a market cap of $115.42 billion, a price-to-earnings ratio of 97.49, a P/E/G ratio of 1.88 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. Welltower'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. As a group, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their target price on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. KeyCorp upped their price target on Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Scotiabank upped their price target 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 price target on Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and an average price target of $179.42.

Insider Buying and Selling

In related news, Director Andrew Gundlach purchased 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The stock was acquired at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at $3,029,200. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

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.

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