Resonant Capital Advisors LLC Purchases New Holdings in Welltower Inc. $WELL

Resonant Capital Advisors LLC purchased a new stake in Welltower Inc. (NYSE:WELL) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,985 shares of the real estate investment trust’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Nuveen LLC purchased a new position in Welltower in the 1st quarter valued at about $762,204,000. Price T Rowe Associates Inc. MD lifted its stake in Welltower by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock valued at $1,367,226,000 after buying an additional 2,622,384 shares in the last quarter. Wellington Management Group LLP lifted its stake in Welltower by 14.0% in the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock valued at $3,261,792,000 after buying an additional 2,614,562 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in 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 buying an additional 1,076,293 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Welltower by 65.2% in the 1st quarter. Ameriprise Financial Inc. now owns 2,648,557 shares of the real estate investment trust’s stock valued at $399,314,000 after buying an additional 1,045,507 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Up 2.6%

Shares of WELL opened at $182.56 on Tuesday. 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 $123.11 and a 12-month high of $182.87. The firm has a 50-day moving average price of $170.45 and a 200 day moving average price of $159.71. The firm has a market capitalization of $122.10 billion, a P/E ratio of 103.14, a P/E/G ratio of 1.99 and a beta of 0.92.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. Welltower’s quarterly revenue was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Welltower in a report on Friday, September 19th. They set a “buy” rating and a $195.00 target price for the company. Cantor Fitzgerald assumed coverage on shares of Welltower in a report on Wednesday, October 1st. They set an “overweight” rating and a $195.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Welltower in a report on Wednesday, October 8th. Wells Fargo & Company upped their target price on shares of Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Finally, Scotiabank upped their target price on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $186.43.

About Welltower

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.