Trust Co. of Toledo NA OH Lowers Stake in Welltower Inc. $WELL

Key Points

• Trust Co. of Toledo NA OH reduced its stake in Welltower Inc. by 3.1%, bringing its holdings down to 75,897 shares, which is valued at approximately $11.67 million.
• Welltower recently reported better-than-expected earnings with an EPS of $1.28, exceeding consensus estimates of $1.22, alongside a revenue of $2.55 billion for the recent quarter.
• The company declared a quarterly dividend of $0.74, increasing from the previous $0.67, indicating a commitment to shareholder returns despite a payout ratio of 167.23%.

Trust Co. of Toledo NA OH cut its stake in Welltower Inc. (NYSE:WELL - Free Report) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,897 shares of the real estate investment trust's stock after selling 2,409 shares during the quarter. Welltower comprises about 1.3% of Trust Co. of Toledo NA OH's portfolio, making the stock its 12th biggest position. Trust Co. of Toledo NA OH's holdings in Welltower were worth $11,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Good Life Advisors LLC grew its stake in 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 valued at $880,000 after purchasing an additional 69 shares during the last quarter. Rise Advisors LLC lifted its holdings in shares of Welltower by 23.3% during the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 69 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its stake in Welltower by 2.0% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after buying an additional 73 shares during the last quarter. SJS Investment Consulting Inc. increased its position in Welltower by 7.8% during 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 in the last quarter. Finally, Premier Path Wealth Partners LLC boosted its holdings in Welltower by 1.8% in the first quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock worth $678,000 after acquiring an additional 77 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Trading Down 0.9%

Shares of NYSE:WELL opened at $165.84 on Friday. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $180.40. The company has a market capitalization of $110.92 billion, a PE ratio of 93.70, a PEG ratio of 1.89 and a beta of 0.92. The business has a 50 day moving average of $168.59 and a two-hundred day moving average of $157.38. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 12.18% and a return on equity of 3.38%. The business's revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the company earned $1.05 EPS. 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 EPS for the current year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. Welltower's payout ratio is currently 167.23%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Evercore ISI lifted their target price on shares of Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Welltower in a report on Wednesday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. UBS Group started coverage on shares of Welltower in a report on Friday, September 19th. They issued a "buy" rating and a $195.00 price target on the stock. Finally, Scotiabank raised their price target on shares of Welltower from $181.00 to $182.00 and gave the stock an "outperform" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $180.69.

Welltower 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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