Svenska Handelsbanken AB publ Invests $5.07 Million in Welltower Inc. $WELL

Key Points

• Svenska Handelsbanken AB publ invested approximately $5.07 million in Welltower Inc., acquiring 32,992 shares, which represents 4.8% of its investment portfolio.
• Several analysts have raised their price targets for Welltower, with Wells Fargo increasing it to $185.00, indicating a positive outlook for the stock.
• Welltower recently boosted its quarterly dividend from $0.67 to $0.74, resulting in an annualized yield of 1.8%.

Svenska Handelsbanken AB publ bought a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 32,992 shares of the real estate investment trust's stock, valued at approximately $5,072,000. Welltower comprises approximately 4.8% of Svenska Handelsbanken AB publ's investment portfolio, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in WELL. SouthState Corp raised its holdings 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 acquiring an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Welltower in the first quarter valued at about $27,000. Harbor Capital Advisors Inc. bought a new stake in shares of Welltower in the first quarter valued at about $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower in the first quarter valued at about $28,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Welltower in the first quarter valued at about $31,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WELL. Scotiabank lifted their price objective on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Evercore ISI lifted their price objective on Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a report on Monday. Wells Fargo & Company lifted their price objective on Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $175.80.

Welltower Price Performance

WELL opened at $168.83 on Tuesday. The business's 50-day moving average is $164.09 and its two-hundred day moving average is $154.58. Welltower Inc. has a 1 year low of $122.34 and a 1 year high of $171.09. 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 firm has a market capitalization of $112.92 billion, a PE ratio of 95.38, a price-to-earnings-growth ratio of 1.90 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 (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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The firm'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. Research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a $0.74 dividend. 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 dividend on an annualized basis and a yield of 1.8%. Welltower's dividend payout ratio (DPR) is 167.23%.

Insider Buying and Selling

In related news, Director Andrew Gundlach bought 20,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director directly owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by company 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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