Geode Capital Management LLC Purchases 723,887 Shares of Welltower Inc. $WELL

Geode Capital Management LLC raised its holdings in Welltower Inc. (NYSE:WELL) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,012,454 shares of the real estate investment trust’s stock after acquiring an additional 723,887 shares during the period. Geode Capital Management LLC owned about 2.24% of Welltower worth $2,303,484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WELL. SouthState Corp increased its stake 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 valued at $26,000 after buying an additional 148 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in Welltower in the 1st quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Welltower during the first quarter worth about $32,000. WPG Advisers LLC purchased a new position in shares of Welltower during the first quarter valued at approximately $34,000. Finally, Saudi Central Bank purchased a new position in Welltower during the first quarter worth about $38,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Up 0.7%

Shares of WELL opened at $192.48 on Wednesday. The company’s fifty day simple moving average is $174.54 and its 200-day simple moving average is $162.84. The company has a market cap of $132.11 billion, a P/E ratio of 132.75, a P/E/G ratio of 1.93 and a beta of 0.92. The company has a current ratio of 5.47, a quick ratio of 4.19 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 $192.79.

Welltower (NYSE:WELL) last issued 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. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, November 10th. Welltower’s payout ratio is 204.14%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WELL. Loop Capital set a $196.00 price target on shares of Welltower in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. National Bankshares set a $246.00 target price on shares of Welltower in a research note on Friday, October 17th. Wells Fargo & Company boosted their price objective on shares of Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.93.

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.