Rehmann Capital Advisory Group Buys 146 Shares of Welltower Inc. $WELL

Rehmann Capital Advisory Group raised its stake in Welltower Inc. (NYSE:WELL) by 5.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,643 shares of the real estate investment trust’s stock after purchasing an additional 146 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Welltower were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in Welltower by 14.0% in the first 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 purchasing an additional 2,614,562 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Welltower by 41.6% in the first 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 purchasing an additional 2,622,384 shares in the last quarter. Northern Trust Corp grew its stake in Welltower by 0.4% in the first quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust’s stock valued at $1,297,263,000 after purchasing an additional 36,725 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Welltower by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust’s stock valued at $1,250,935,000 after purchasing an additional 532,135 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Welltower by 14.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust’s stock valued at $1,065,820,000 after purchasing an additional 877,856 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WELL has been the subject of a number of analyst reports. Evercore ISI raised their price target on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Cantor Fitzgerald initiated coverage on Welltower in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 price target for the company. KeyCorp raised their price target on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. Wells Fargo & Company lifted their target price on Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Scotiabank lifted their target price on 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 issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.43.

Welltower Stock Performance

Shares of NYSE WELL opened at $176.27 on Friday. 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 $180.40. The stock has a 50 day moving average of $169.75 and a 200-day moving average of $158.85. The company has a market capitalization of $117.90 billion, a P/E ratio of 99.59, a P/E/G ratio of 1.97 and a beta of 0.92.

Welltower (NYSE:WELL) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a $0.74 dividend. This is a boost from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.7%. Welltower’s dividend payout ratio is presently 167.23%.

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.