Welltower Inc. $WELL Shares Sold by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC reduced its stake in Welltower Inc. by 5.9%, owning 80,572 shares valued at approximately $12.4 million after selling over 5,000 shares in the second quarter.
• Welltower's quarterly earnings exceeded expectations with reported EPS of $1.28, surpassing the consensus estimate of $1.22, and revenue reached $2.55 billion, up 39.6% year-over-year.
• The company increased its quarterly dividend to $0.74 per share, resulting in an annualized yield of 1.7%, up from the previous $0.67 per share dividend.

Venture Visionary Partners LLC trimmed its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,572 shares of the real estate investment trust's stock after selling 5,041 shares during the period. Venture Visionary Partners LLC's holdings in Welltower were worth $12,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp grew its position in Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Welltower during the 1st quarter worth approximately $27,000. Harbor Capital Advisors Inc. purchased a new position in Welltower during the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new position in Welltower during the 1st quarter worth approximately $28,000. Finally, Hughes Financial Services LLC purchased a new position in Welltower during the 1st quarter worth approximately $31,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WELL has been the subject of a number of research reports. KeyCorp lifted their target price on shares of Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, September 23rd. Evercore ISI lifted their target price on shares of Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Wells Fargo & Company lifted 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. UBS Group initiated coverage on shares of Welltower in a research note on Friday, September 19th. They set a "buy" rating and a $195.00 target price for the company. Finally, Scotiabank lifted their target price on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus price target of $179.42.

Welltower Stock Up 1.9%

WELL stock opened at $174.90 on Monday. 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 Inc. has a 1 year low of $122.34 and a 1 year high of $175.10. The company has a fifty day simple moving average of $166.49 and a 200 day simple moving average of $155.79. The firm has a market cap of $116.98 billion, a PE ratio of 98.81, a PEG ratio of 1.97 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. Welltower's quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders 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 represents a $2.96 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio (DPR) is presently 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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