Shell Asset Management Co. Buys 9,997 Shares of Welltower Inc. $WELL

Key Points

• Shell Asset Management Co. increased its holdings in Welltower Inc. by 33.4%, acquiring an additional 9,997 shares to total 39,932 shares, valued at approximately $6,139,000.
• Welltower recently reported quarterly earnings of $1.28 EPS, surpassing analysts' expectations and reflecting a 39.6% revenue growth year-over-year.
• The company announced a quarterly dividend increase from $0.67 to $0.74, resulting in an annualized yield of 1.7% with a dividend payout ratio of 167.23%.

Shell Asset Management Co. increased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 33.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,932 shares of the real estate investment trust's stock after acquiring an additional 9,997 shares during the quarter. Shell Asset Management Co.'s holdings in Welltower were worth $6,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WELL. SouthState Corp lifted its stake in Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Welltower in the 1st quarter worth about $27,000. Harbor Capital Advisors Inc. purchased a new position in shares of Welltower during the first quarter valued at $28,000. Smallwood Wealth Investment Management LLC bought a new stake in Welltower during the 1st quarter valued at $28,000. Finally, Hughes Financial Services LLC purchased a new stake in shares of Welltower during the first quarter valued at about $31,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Down 0.5%

Welltower stock opened at $174.12 on Tuesday. 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's fifty day moving average is $168.37 and its two-hundred day moving average is $156.95. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $180.40. The firm has a market capitalization of $116.46 billion, a price-to-earnings ratio of 98.37, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS 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 firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The business's quarterly revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were issued a $0.74 dividend. This is an increase 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%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is currently 167.23%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several research analyst reports. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. KeyCorp boosted their price target on shares of Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, September 23rd. Wells Fargo & Company raised 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. UBS Group began coverage on shares of Welltower in a research note on Friday, September 19th. They issued a "buy" rating and a $195.00 target price on the stock. Finally, Cantor Fitzgerald assumed coverage on Welltower in a research report on Wednesday, October 1st. They issued an "overweight" rating and a $195.00 price objective for the company. One research 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 an average rating of "Moderate Buy" and an average target price of $180.69.

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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