Welltower Inc. $WELL Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. has increased its stake in Welltower Inc. by 5.5%, now owning 87,813 shares valued at approximately $13.5 million.
• Welltower recently declared a quarterly dividend of $0.74, raising its yield to 1.7%, which is an increase from the previous quarterly dividend of $0.67.
• Several analysts have set new price targets for Welltower, with Wells Fargo raising its target to $185.00 and KeyCorp boosting it to $200.00, indicating strong confidence in the stock's performance.

QRG Capital Management Inc. raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,813 shares of the real estate investment trust's stock after acquiring an additional 4,599 shares during the quarter. QRG Capital Management Inc.'s holdings in Welltower were worth $13,499,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Good Life Advisors LLC lifted its stake in Welltower by 1.2% during the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after purchasing an additional 69 shares during the last quarter. Rise Advisors LLC lifted its stake in Welltower by 23.3% during the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 69 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Welltower by 4.3% during the first quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 73 shares during the last quarter. Sound View Wealth Advisors Group LLC lifted its stake in Welltower by 2.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after purchasing an additional 73 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in Welltower by 7.8% during the second quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust's stock worth $155,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Price Performance

Shares of NYSE WELL opened at $175.35 on Friday. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $180.40. The firm's 50-day simple moving average is $168.05 and its 200 day simple moving average is $156.70. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The stock has a market cap of $117.28 billion, a P/E ratio of 99.07, a P/E/G ratio of 1.97 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.49 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The company's 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 analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.7%. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is presently 167.23%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Wells Fargo & Company raised their price objective on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Cantor Fitzgerald initiated coverage on Welltower in a research note on Wednesday. They set an "overweight" rating and a $195.00 price objective on the stock. KeyCorp boosted their price target on shares of Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, September 23rd. Finally, Scotiabank boosted their price target on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $180.62.

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.

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.