Wedbush Securities Inc. Sells 297 Shares of Welltower Inc. $WELL

Wedbush Securities Inc. lessened its holdings in shares of Welltower Inc. (NYSE:WELL) by 12.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,147 shares of the real estate investment trust’s stock after selling 297 shares during the period. Wedbush Securities Inc.’s holdings in Welltower were worth $330,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in Welltower by 14.0% during the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock worth $3,261,792,000 after purchasing an additional 2,614,562 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Welltower by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock worth $1,367,226,000 after acquiring an additional 2,622,384 shares during the period. Northern Trust Corp lifted 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 buying an additional 36,725 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 worth $1,250,935,000 after purchasing an additional 532,135 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 worth $1,065,820,000 after acquiring an additional 877,856 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on WELL. Cantor Fitzgerald lifted their target price on shares of Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Evercore ISI raised their price objective on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Wells Fargo & Company upped their price objective on shares of Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. 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 equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.93.

Welltower Stock Down 0.4%

WELL opened at $190.82 on Thursday. The stock has a market capitalization of $130.96 billion, a price-to-earnings ratio of 131.55, a PEG ratio of 1.93 and a beta of 0.92. The company has a quick ratio of 4.19, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. Welltower Inc. has a twelve month low of $123.11 and a twelve month high of $192.81. The firm has a 50 day moving average price of $175.03 and a 200-day moving average price of $163.04.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share 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 firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the business earned $1.11 EPS. The business’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. Equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.6%. Welltower’s dividend payout ratio is 204.14%.

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.