Welltower Inc. $WELL Stake Reduced by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB reduced its holdings in Welltower Inc. by 81.0% in Q2, now owning 15,754 shares worth approximately $2.43 million.
• Securities analysts have generally given Welltower a "Moderate Buy" rating, with price targets ranging from $150.00 to $200.00.
• Welltower recently increased its quarterly dividend from $0.67 to $0.74 per share, representing an annual yield of 1.7%.

AMF Tjanstepension AB cut its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 81.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,754 shares of the real estate investment trust's stock after selling 67,293 shares during the quarter. AMF Tjanstepension AB's holdings in Welltower were worth $2,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Brighton Jones LLC raised its position in Welltower by 7.1% in the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock worth $527,000 after acquiring an additional 279 shares in the last quarter. NBC Securities Inc. bought a new stake in Welltower in the first quarter worth about $131,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Welltower by 42.9% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,091 shares of the real estate investment trust's stock worth $320,000 after acquiring an additional 628 shares in the last quarter. Foster Group Inc. bought a new stake in Welltower in the first quarter worth about $276,000. Finally, Procyon Advisors LLC bought a new stake in Welltower in the first quarter worth about $234,000. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. Scotiabank lifted their price target on Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. KeyCorp lifted their price target on Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Welltower in a research note on Saturday, September 27th. Finally, Wells Fargo & Company lifted their price target on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and an average target price of $180.62.

Welltower Trading Down 0.1%

NYSE:WELL opened at $175.35 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $180.40. The stock's 50-day moving average is $168.05 and its two-hundred day moving average is $156.70. The stock has a market cap of $117.28 billion, a PE ratio of 99.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last released 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 company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The business's revenue for the quarter was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently announced 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. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.7%. Welltower's dividend payout ratio (DPR) is presently 167.23%.

Welltower 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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