Welltower Inc. $WELL Shares Acquired by Cardano Risk Management B.V.

Key Points

• Cardano Risk Management B.V. increased its stake in Welltower Inc. by 27.1%, owning 837,165 shares valued at approximately $128.7 million as of the latest filing.
• Welltower reported strong quarterly earnings with an EPS of $1.28, surpassing estimates, and revenue growth of 39.6% year-over-year.
• The company recently announced a quarterly dividend increase to $0.74 per share, raising the annualized dividend yield to 1.8%.

Cardano Risk Management B.V. grew its position in Welltower Inc. (NYSE:WELL - Free Report) by 27.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 837,165 shares of the real estate investment trust's stock after buying an additional 178,402 shares during the quarter. Welltower accounts for 1.6% of Cardano Risk Management B.V.'s holdings, making the stock its 16th largest holding. Cardano Risk Management B.V. owned approximately 0.13% of Welltower worth $128,697,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in Welltower during the 1st quarter worth $762,204,000. Price T Rowe Associates Inc. MD grew its stake in Welltower by 41.6% during 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 purchasing an additional 2,622,384 shares in the last quarter. Wellington Management Group LLP grew its stake in 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 worth $3,261,792,000 after purchasing an additional 2,614,562 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in 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 worth $461,660,000 after purchasing an additional 1,076,293 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in 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 worth $399,314,000 after purchasing an additional 1,045,507 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Down 1.2%

Welltower stock opened at $167.10 on Friday. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $180.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The company has a market capitalization of $111.76 billion, a P/E ratio of 94.41, a PEG ratio of 1.91 and a beta of 0.92. The stock has a 50-day simple moving average of $168.60 and a 200-day simple moving average of $157.26.

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 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 business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the business earned $1.05 EPS. The business's quarterly revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.8%. This is a boost from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio (DPR) is currently 167.23%.

Analyst Ratings Changes

Several research analysts recently commented on WELL shares. Wells Fargo & Company boosted their target price on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Evercore ISI lifted their price target on Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. KeyCorp lifted their price target on Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, September 23rd. Finally, Scotiabank lifted their price target on Welltower from $181.00 to $182.00 and gave the stock an "outperform" rating in a 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $180.69.

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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