Welltower Inc. $WELL Stock Position Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in Welltower Inc. (NYSE:WELL) by 23.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,044 shares of the real estate investment trust’s stock after purchasing an additional 3,470 shares during the period. Sequoia Financial Advisors LLC’s holdings in Welltower were worth $3,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WELL. Norges Bank purchased a new stake in shares of Welltower in the second quarter valued at $4,903,554,000. State Street Corp raised its position in Welltower by 4.6% during the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after buying an additional 1,740,196 shares during the period. Balyasny Asset Management L.P. lifted its stake in Welltower by 241.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock worth $190,801,000 after acquiring an additional 877,725 shares in the last quarter. Geode Capital Management LLC lifted its stake in Welltower by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after acquiring an additional 723,887 shares in the last quarter. Finally, Congress Asset Management Co. acquired a new stake in Welltower during the 2nd quarter worth about $88,986,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a report on Monday, December 29th. Morgan Stanley increased their target price on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. KeyCorp lifted their target price on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $205.00 price target on shares of Welltower in a report on Thursday, December 18th. Finally, Scotiabank upped their price target on shares of Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $204.80.

Welltower Stock Down 1.8%

WELL stock opened at $187.98 on Wednesday. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. Welltower Inc. has a 1 year low of $129.62 and a 1 year high of $209.05. The company has a fifty day simple moving average of $192.73 and a 200 day simple moving average of $177.51. The firm has a market cap of $129.01 billion, a PE ratio of 129.64, a PEG ratio of 1.38 and a beta of 0.86.

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 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 the consensus estimate of $2.70 billion. During the same period in the prior year, the business posted $1.11 earnings per share. 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. Sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

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

Welltower Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.