Hartford Funds Management Co LLC Reduces Holdings in Welltower Inc. $WELL

Hartford Funds Management Co LLC decreased its position in shares of Welltower Inc. (NYSE:WELL) by 83.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 837 shares of the real estate investment trust’s stock after selling 4,174 shares during the quarter. Welltower makes up 0.0% of Hartford Funds Management Co LLC’s investment portfolio, making the stock its 28th largest position. Hartford Funds Management Co LLC’s holdings in Welltower were worth $129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake in shares of Welltower by 10.0% during the 2nd quarter. ProShare Advisors LLC now owns 128,157 shares of the real estate investment trust’s stock valued at $19,702,000 after buying an additional 11,638 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Welltower by 1.6% during the 2nd quarter. Profund Advisors LLC now owns 8,298 shares of the real estate investment trust’s stock valued at $1,276,000 after purchasing an additional 133 shares during the period. Zions Bancorporation National Association UT grew its position in shares of Welltower by 4.2% during the 2nd quarter. Zions Bancorporation National Association UT now owns 1,604 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 65 shares in the last quarter. Midwest Trust Co purchased a new stake in shares of Welltower in the second quarter worth $1,453,000. Finally, Sound View Wealth Advisors Group LLC raised its stake in Welltower by 290.2% in the second quarter. Sound View Wealth Advisors Group LLC now owns 14,218 shares of the real estate investment trust’s stock valued at $2,186,000 after purchasing an additional 10,574 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI increased their target price on shares of Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Weiss Ratings restated a “buy (b)” rating on shares of Welltower in a research report on Wednesday, October 8th. Cantor Fitzgerald upped their price target on Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. KeyCorp raised their price objective on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. Finally, Loop Capital set a $196.00 target price on shares of Welltower in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.93.

Welltower Stock Performance

Shares of NYSE WELL opened at $190.53 on Monday. The company has a quick ratio of 4.19, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $173.59 and its 200-day moving average price is $162.21. Welltower Inc. has a 52-week low of $123.11 and a 52-week high of $190.68. The company has a market cap of $130.76 billion, a PE ratio of 131.40, a PEG ratio of 1.93 and a beta of 0.92.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm’s revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Tuesday, November 11th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, November 10th. Welltower’s payout ratio is 204.14%.

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.