KLP Kapitalforvaltning AS Acquires 20,700 Shares of Welltower Inc. $WELL

KLP Kapitalforvaltning AS boosted its holdings in Welltower Inc. (NYSE:WELL) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 233,846 shares of the real estate investment trust’s stock after purchasing an additional 20,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Welltower were worth $35,949,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WELL. Nuveen LLC bought a new stake in Welltower in the first quarter worth approximately $762,204,000. 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 acquiring an additional 2,622,384 shares during the period. 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 acquiring an additional 2,614,562 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its stake in Welltower by 55.6% in the first 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 acquiring an additional 1,076,293 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Welltower by 65.2% in the first quarter. Ameriprise Financial Inc. now owns 2,648,557 shares of the real estate investment trust’s stock valued at $399,314,000 after acquiring an additional 1,045,507 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WELL shares. Scotiabank raised their price objective on Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday. Wells Fargo & Company raised their price objective on Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. UBS Group started coverage on Welltower in a research note on Friday, September 19th. They issued a “buy” rating and a $195.00 price objective for the company. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Finally, Evercore ISI lifted their target price on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. One investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $180.69.

Welltower Stock Down 0.7%

Shares of NYSE:WELL opened at $173.00 on Wednesday. The stock has a market cap of $115.71 billion, a price-to-earnings ratio of 97.74, a PEG ratio of 1.96 and a beta of 0.92. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 12-month low of $122.34 and a 12-month high of $180.40. The business’s 50 day moving average is $168.51 and its 200 day moving average is $157.06.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.Welltower’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

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

Welltower 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.