Welltower Inc. $WELL Shares Bought by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in Welltower Inc. by 2.9% during the second quarter, bringing its total holdings to 228,366 shares valued at $35 million.
• Wells Fargo raised its target price for Welltower shares from $175 to $185, while analysts currently have a consensus rating of "Moderate Buy" with an average target price of $180.69.
• Welltower recently disclosed a quarterly dividend increase, raising it from $0.67 to $0.74 per share, reflecting a 1.7% yield and a payout ratio of over 167%.

TD Asset Management Inc grew its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,366 shares of the real estate investment trust's stock after acquiring an additional 6,454 shares during the quarter. TD Asset Management Inc's holdings in Welltower were worth $35,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cornerstone Wealth Group LLC lifted its holdings in Welltower by 4.7% in the second quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 66 shares during the period. Rise Advisors LLC lifted 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 worth $56,000 after acquiring an additional 69 shares during the period. Sound View Wealth Advisors Group LLC lifted its position in Welltower by 2.0% in 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 period. SJS Investment Consulting Inc. lifted its holdings in shares of Welltower by 7.8% in the second 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. Finally, Premier Path Wealth Partners LLC lifted its holdings in shares of 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 valued at $678,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company increased their target price 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. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Cantor Fitzgerald started coverage on Welltower in a report on Wednesday, October 1st. They set an "overweight" rating and a $195.00 target price for the company. Scotiabank upped their price objective on shares of Welltower from $181.00 to $182.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Welltower in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $180.69.

Welltower Stock Down 0.1%

WELL stock opened at $172.14 on Friday. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $180.40. 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 company has a market cap of $115.13 billion, a price-to-earnings ratio of 97.25, a PEG ratio of 1.94 and a beta of 0.92. The company has a 50 day moving average of $168.66 and a two-hundred day moving average of $157.89.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.49 billion. During the same period last year, the company earned $1.05 earnings per share. Welltower's quarterly 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, equities analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

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