Truist Financial Corp Boosts Holdings in Welltower Inc. $WELL

Key Points

• Truist Financial Corp increased its stake in Welltower Inc. by 9.0%, owning a total of 49,912 shares, valued at approximately $7.67 million as of its latest SEC filing.
• Wells Fargo & Company raised its price target for Welltower from $175.00 to $185.00, maintaining an "overweight" rating, indicating positive sentiment among analysts.
• Welltower recently increased its quarterly dividend to $0.74 per share, reflecting a commitment to returning value to shareholders despite a high dividend payout ratio of 167.23%.

Truist Financial Corp grew its position in Welltower Inc. (NYSE:WELL - Free Report) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,912 shares of the real estate investment trust's stock after buying an additional 4,135 shares during the period. Truist Financial Corp's holdings in Welltower were worth $7,673,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Good Life Advisors LLC grew its stake in shares of Welltower by 1.2% in the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock valued at $880,000 after buying an additional 69 shares during the period. Rise Advisors LLC grew its stake in shares of Welltower by 23.3% in the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 69 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Welltower by 4.3% in the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock valued at $273,000 after buying an additional 73 shares during the period. Sound View Wealth Advisors Group LLC grew its stake in shares of Welltower by 2.0% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock valued at $558,000 after buying an additional 73 shares during the period. Finally, SJS Investment Consulting Inc. grew its stake in shares of Welltower by 7.8% in the 2nd quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust's stock valued at $155,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

WELL has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Welltower in a research report on Saturday, September 27th. KeyCorp increased their price objective on shares of Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 23rd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. Finally, UBS Group assumed coverage on shares of Welltower in a research report on Friday, September 19th. They set a "buy" rating and a $195.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $180.62.

Welltower Stock Performance

Shares of WELL stock opened at $175.35 on Monday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 52 week low of $122.34 and a 52 week high of $180.40. The stock has a market capitalization of $117.28 billion, a PE ratio of 99.07, a P/E/G ratio of 1.97 and a beta of 0.92. The firm has a 50 day moving average of $168.05 and a two-hundred day moving average of $156.76.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly 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 net margin of 12.18% and a return on equity of 3.38%. The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter last year, the company posted $1.05 EPS. The firm's 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. On average, research analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. This is an increase from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. Welltower's dividend payout ratio is presently 167.23%.

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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