Sumitomo Mitsui Trust Group Inc. Increases Stock Position in Welltower Inc. $WELL

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Welltower Inc. by 5.2% in the second quarter, owning approximately 3.27 million shares valued at $502.7 million.
• Welltower's stock has received a consensus rating of "Moderate Buy", with a price target of $186.43, as multiple research firms have issued positive assessments.
• The company recently declared a quarterly dividend of $0.74 per share, marking an increase from its previous dividend of $0.67, with a current yield of 1.7%.

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,270,331 shares of the real estate investment trust's stock after buying an additional 162,508 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.50% of Welltower worth $502,748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Welltower in the 1st quarter worth about $762,204,000. Price T Rowe Associates Inc. MD increased its holdings in Welltower by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust's stock worth $1,367,226,000 after buying an additional 2,622,384 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Welltower by 14.0% during the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust's stock valued at $3,261,792,000 after purchasing an additional 2,614,562 shares during the period. Cbre Investment Management Listed Real Assets LLC increased 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 valued at $461,660,000 after purchasing an additional 1,076,293 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Welltower by 65.2% during the 1st quarter. Ameriprise Financial Inc. now owns 2,648,557 shares of the real estate investment trust's stock valued at $399,314,000 after purchasing an additional 1,045,507 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WELL. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Welltower in a research report on Wednesday, October 8th. KeyCorp upped their price target on shares of Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, September 23rd. Scotiabank upped 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. Raymond James Financial reiterated a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Finally, Cantor Fitzgerald started coverage on Welltower in a research note on Wednesday, October 1st. They set an "overweight" rating and a $195.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Welltower has a consensus rating of "Moderate Buy" and a consensus price target of $186.43.

Welltower Trading Up 0.7%

WELL stock opened at $177.23 on Friday. Welltower Inc. has a 1-year low of $123.11 and a 1-year high of $180.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The company has a market capitalization of $118.53 billion, a price-to-earnings ratio of 100.13, a PEG ratio of 1.97 and a beta of 0.92. The business has a 50 day simple moving average of $169.75 and a two-hundred day simple moving average of $158.85.

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 (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 analysts' expectations of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company's revenue for the quarter was up 39.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, August 12th. This is a boost from Welltower's previous quarterly dividend of $0.67. Welltower's 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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