Convergence Investment Partners LLC Purchases Shares of 5,154 Welltower Inc. $WELL

Convergence Investment Partners LLC acquired a new stake in Welltower Inc. (NYSE:WELL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,154 shares of the real estate investment trust’s stock, valued at approximately $792,000.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of Welltower by 3.9% in the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock valued at $39,536,000 after purchasing an additional 9,678 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Welltower by 55.6% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock valued at $461,660,000 after purchasing an additional 1,076,293 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Welltower in the 1st quarter valued at $1,697,000. Summit Trail Advisors LLC boosted its stake in shares of Welltower by 61.4% in the 1st 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 last quarter. Finally, Western Financial Corp CA bought a new stake in shares of Welltower in the 2nd quarter valued at $1,795,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WELL has been the topic of a number of analyst reports. Evercore ISI upped their price objective 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 increased their target price on shares of Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. KeyCorp increased their target price on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 23rd. National Bankshares set a $246.00 target price on shares of Welltower in a research note on Friday, October 17th. Finally, Scotiabank increased their target price on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average target price of $186.43.

Welltower Stock Up 2.6%

Welltower stock opened at $182.56 on Tuesday. Welltower Inc. has a 1-year low of $123.11 and a 1-year high of $182.87. The firm has a market capitalization of $122.10 billion, a price-to-earnings ratio of 103.14, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92. The firm’s fifty day moving average price is $170.45 and its two-hundred day moving average price is $159.71. 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 (NYSE:WELL) last released its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, equities research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

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.