Securian Asset Management Inc. Boosts Holdings in Welltower Inc. $WELL

Securian Asset Management Inc. grew its stake in Welltower Inc. (NYSE:WELL) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,480 shares of the real estate investment trust’s stock after buying an additional 208 shares during the period. Securian Asset Management Inc.’s holdings in Welltower were worth $4,993,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SouthState Corp raised its holdings in shares of Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Welltower in the first quarter worth $27,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower in the first quarter worth $28,000. Hughes Financial Services LLC purchased a new position in shares of Welltower in the first quarter worth $31,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Welltower in the first quarter worth $32,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WELL shares. KeyCorp raised their price target on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. Evercore ISI increased their price objective on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. UBS Group initiated coverage on shares of Welltower in a research note on Friday, September 19th. They issued a “buy” rating and a $195.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Welltower in a research note on Wednesday, October 8th. Finally, Scotiabank increased their price objective 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 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.43.

Welltower Stock Down 1.5%

WELL stock opened at $175.12 on Wednesday. The firm has a market cap of $117.13 billion, a PE ratio of 98.94, a P/E/G ratio of 1.99 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The firm’s fifty day moving average is $169.21 and its 200 day moving average is $158.47. Welltower Inc. has a one year low of $123.11 and a one year high of $180.40.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The company had revenue of $2.55 billion for 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 firm’s revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, research analysts forecast 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 given a dividend of $0.74 per share. This is a boost from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, August 12th. Welltower’s dividend payout ratio (DPR) is 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.