Frank Rimerman Advisors LLC Reduces Position in Welltower Inc. $WELL

Frank Rimerman Advisors LLC decreased its position in shares of Welltower Inc. (NYSE:WELL) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,719 shares of the real estate investment trust’s stock after selling 506 shares during the period. Frank Rimerman Advisors LLC’s holdings in Welltower were worth $1,494,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Zions Bancorporation National Association UT increased its holdings in shares of Welltower by 4.2% in the 2nd quarter. Zions Bancorporation National Association UT now owns 1,604 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 65 shares during the period. Cornerstone Wealth Group LLC grew its position in Welltower by 4.7% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 66 shares during the last quarter. Rise Advisors LLC increased its stake in Welltower by 23.3% in the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 69 shares during the period. Bridgewater Advisors Inc. raised its holdings in shares of Welltower by 5.1% in the second quarter. Bridgewater Advisors Inc. now owns 1,461 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 71 shares during the last quarter. Finally, Orion Capital Management LLC boosted its stake in shares of Welltower by 5.6% during the second quarter. Orion Capital Management LLC now owns 1,362 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 72 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Trading Up 0.7%

Shares of WELL stock opened at $198.55 on Wednesday. The business’s fifty day moving average price is $177.17 and its 200 day moving average price is $164.38. The firm has a market capitalization of $136.27 billion, a PE ratio of 136.93, a P/E/G ratio of 1.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 4.19. Welltower Inc. has a 1-year low of $123.11 and a 1-year high of $200.64.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the firm earned $1.11 EPS. The business’s revenue was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, November 10th. Welltower’s dividend payout ratio is presently 204.14%.

Wall Street Analysts Forecast Growth

WELL has been the topic of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Welltower in a research report on Thursday, November 13th. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. UBS Group set a $203.00 price target on Welltower in a report on Wednesday, October 29th. Loop Capital set a $196.00 price objective on shares of Welltower in a research note on Wednesday, October 29th. Finally, Scotiabank raised their target price on shares of Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $190.07.

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.