Madden Advisory Services Inc. Trims Stake in Welltower Inc. $WELL

Madden Advisory Services Inc. reduced its position in Welltower Inc. (NYSE:WELL) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,261 shares of the real estate investment trust’s stock after selling 366 shares during the quarter. Madden Advisory Services Inc.’s holdings in Welltower were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Welltower by 14.0% in the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock worth $3,261,792,000 after purchasing an additional 2,614,562 shares during the period. Price T Rowe Associates Inc. MD raised its position in Welltower by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock worth $1,367,226,000 after purchasing an additional 2,622,384 shares during the period. Northern Trust Corp raised its position in Welltower by 0.4% in the 1st quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust’s stock worth $1,297,263,000 after purchasing an additional 36,725 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Welltower by 7.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust’s stock worth $1,250,935,000 after purchasing an additional 532,135 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Welltower by 14.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust’s stock worth $1,065,820,000 after purchasing an additional 877,856 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

NYSE WELL opened at $173.00 on Wednesday. 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 50 day moving average price is $168.51 and its 200-day moving average price is $157.06. Welltower Inc. has a 52-week low of $122.34 and a 52-week high of $180.40. The company has a market cap of $115.71 billion, a PE ratio of 97.74, a P/E/G ratio of 1.96 and a beta of 0.92.

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

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, August 12th. Welltower’s payout ratio is 167.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WELL shares. Cantor Fitzgerald started coverage on shares of Welltower in a research report on Wednesday, October 1st. They set an “overweight” rating and a $195.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Welltower from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. KeyCorp raised their target price on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 23rd. UBS Group started coverage on shares of Welltower in a research report on Friday, September 19th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Scotiabank raised their target price on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.69.

Welltower Company 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.