Welltower Inc. $WELL Shares Sold by Denali Advisors LLC

Denali Advisors LLC trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,396 shares of the real estate investment trust’s stock after selling 171 shares during the period. Denali Advisors LLC’s holdings in Welltower were worth $2,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SouthState Corp lifted its position in Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in Welltower during the first quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC acquired a new position in Welltower during the first quarter valued at approximately $28,000. Hughes Financial Services LLC acquired a new position in Welltower during the first quarter valued at approximately $31,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Welltower during the first quarter valued at approximately $32,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Down 1.5%

Shares of NYSE:WELL opened at $175.12 on Wednesday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $169.21 and a 200 day simple moving average of $158.47. The firm has a market cap of $117.13 billion, a PE ratio of 98.94, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $180.40.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The business’s revenue was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS 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. The ex-dividend date was Tuesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 1.7%. Welltower’s payout ratio is presently 167.23%.

Analyst Ratings Changes

A number of brokerages have weighed in on WELL. National Bankshares set a $246.00 price target on shares of Welltower in a research report on Friday. Evercore ISI boosted their target price on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Welltower in a research report on Wednesday, October 8th. Scotiabank boosted their target price on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average target price 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.