Hsbc Holdings PLC Grows Stock Holdings in Welltower Inc. $WELL

Key Points

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Hsbc Holdings PLC lifted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,298,272 shares of the real estate investment trust's stock after purchasing an additional 91,406 shares during the quarter. Hsbc Holdings PLC owned about 0.35% of Welltower worth $352,121,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in shares of Welltower by 3.9% in the first quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust's stock valued at $39,536,000 after acquiring an additional 9,678 shares in the last quarter. Beacon Financial Planning Inc. lifted its position in Welltower by 6.8% in the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock valued at $4,274,000 after purchasing an additional 1,780 shares during the period. Summit Trail Advisors LLC lifted its position in Welltower by 61.4% in the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock valued at $1,035,000 after purchasing an additional 2,571 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Welltower by 8.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust's stock valued at $20,147,000 after purchasing an additional 10,423 shares in the last quarter. Finally, Focused Wealth Management Inc acquired a new position in Welltower during the 1st quarter worth approximately $313,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

Welltower stock traded up $0.7730 during trading hours on Thursday, hitting $166.7630. The stock had a trading volume of 2,285,140 shares, compared to its average volume of 2,533,896. Welltower Inc. has a 1-year low of $116.50 and a 1-year high of $171.09. The stock has a market capitalization of $111.54 billion, a price-to-earnings ratio of 94.22, a PEG ratio of 1.87 and a beta of 0.93. The stock's fifty day moving average is $159.00 and its two-hundred day moving average is $152.16. 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 (NYSE:WELL - Get Free Report) last released its quarterly earnings results 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. The business 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 business's revenue was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, analysts predict 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 will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.74 per share. This is a positive change from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. Welltower's dividend payout ratio is 167.23%.

Insider Buying and Selling

In related news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was bought at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the transaction, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WELL. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their price objective on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Scotiabank reissued an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Morgan Stanley boosted their target price on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI upped their price target on shares of Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and an average price target of $173.10.

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.