Welltower Inc. $WELL Shares Sold by Vert Asset Management LLC

Key Points

• Vert Asset Management LLC has reduced its stake in Welltower Inc. by 4.3% during the 2nd quarter, leaving it with 133,425 shares valued at approximately $20.5 million.
• Welltower reported a quarterly EPS of $1.28, exceeding estimates, and its revenue grew by 39.6% year-over-year to $2.55 billion.
• The company has announced an increase in its quarterly dividend to $0.74, reflecting a dividend yield of 1.6% and a payout ratio of 167.23%.

Vert Asset Management LLC cut its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 133,425 shares of the real estate investment trust's stock after selling 6,061 shares during the quarter. Welltower comprises 7.5% of Vert Asset Management LLC's holdings, making the stock its 3rd biggest position. Vert Asset Management LLC's holdings in Welltower were worth $20,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Consolidated Planning Corp grew its position in shares of Welltower by 2.5% in the 2nd quarter. Consolidated Planning Corp now owns 51,270 shares of the real estate investment trust's stock valued at $7,882,000 after purchasing an additional 1,264 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Welltower by 3.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 403,359 shares of the real estate investment trust's stock valued at $62,008,000 after purchasing an additional 14,688 shares during the period. BSW Wealth Partners boosted its position in Welltower by 2.5% during the 2nd quarter. BSW Wealth Partners now owns 4,777 shares of the real estate investment trust's stock worth $734,000 after acquiring an additional 116 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in Welltower by 10.5% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 10,376 shares of the real estate investment trust's stock worth $1,595,000 after acquiring an additional 983 shares during the last quarter. Finally, First Pacific Financial boosted its position in Welltower by 51,428.6% during the 2nd quarter. First Pacific Financial now owns 25,249 shares of the real estate investment trust's stock worth $3,882,000 after acquiring an additional 25,200 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Trading Up 0.8%

NYSE WELL opened at $179.52 on Thursday. The company has a market cap of $120.07 billion, a PE ratio of 101.42, a PEG ratio of 2.01 and a beta of 0.92. 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 12 month low of $122.34 and a 12 month high of $180.40. The stock has a 50 day moving average of $167.49 and a 200-day moving average of $156.30.

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

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a $0.74 dividend. This is a boost 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 1.6%. Welltower's dividend payout ratio (DPR) is currently 167.23%.

Analyst Ratings Changes

WELL has been the subject of a number of recent research reports. KeyCorp upped their price target on Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 23rd. Evercore ISI upped their price target on Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Cantor Fitzgerald initiated coverage on Welltower in a research report on Wednesday. They set an "overweight" rating and a $195.00 price target for the company. Scotiabank upped their price target on Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Finally, Wells Fargo & Company upped their price target on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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.