Welltower Inc. $WELL is PGGM Investments' Largest Position

Key Points

• PGGM Investments has increased its stake in Welltower Inc. by 0.8% to 2,662,087 shares, making it the largest holding in its portfolio at about 7.1% of total assets.
• Welltower reported better-than-expected earnings, with $1.28 EPS for the quarter, exceeding estimates of $1.22, and a revenue of $2.55 billion, surpassing the projected $2.49 billion.
• The company announced a quarterly dividend increase to $0.74, up from $0.67, reflecting its ongoing commitment to returning value to shareholders.

PGGM Investments raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,662,087 shares of the real estate investment trust's stock after acquiring an additional 20,616 shares during the quarter. Welltower makes up about 7.1% of PGGM Investments' holdings, making the stock its biggest holding. PGGM Investments owned about 0.41% of Welltower worth $409,243,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in WELL. Brighton Jones LLC lifted its stake in Welltower by 7.1% in the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock worth $527,000 after acquiring an additional 279 shares during the last quarter. Versant Capital Management Inc lifted its stake in Welltower by 27.0% in the first quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 81 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in Welltower by 20.2% during the first quarter. AdvisorNet Financial Inc now owns 814 shares of the real estate investment trust's stock worth $125,000 after purchasing an additional 137 shares in the last quarter. NBC Securities Inc. acquired a new stake in Welltower during the first quarter worth approximately $131,000. Finally, Harbor Investment Advisory LLC raised its holdings in Welltower by 73.3% during the first quarter. Harbor Investment Advisory LLC now owns 2,766 shares of the real estate investment trust's stock worth $424,000 after purchasing an additional 1,170 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Stock Performance

Shares of Welltower stock opened at $177.99 on Wednesday. The firm's fifty day simple moving average is $167.14 and its 200-day simple moving average is $156.14. The stock has a market capitalization of $119.05 billion, a price-to-earnings ratio of 100.56, a PEG ratio of 1.99 and a beta of 0.93. Welltower Inc. has a 12 month low of $122.34 and a 12 month high of $178.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating 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 company's quarterly revenue was up 39.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were given a $0.74 dividend. This is a positive change 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 1.7%. Welltower's payout ratio is 167.23%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Scotiabank raised their price objective on shares of Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. UBS Group assumed coverage on shares of Welltower in a report on Friday, September 19th. They set a "buy" rating and a $195.00 price objective on the stock. KeyCorp raised their price objective on shares of Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, September 23rd. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.42.

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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