Neuberger Berman Group LLC Raises Stock Holdings in Welltower Inc. $WELL

Neuberger Berman Group LLC raised its stake in Welltower Inc. (NYSE:WELL) by 15.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 778,419 shares of the real estate investment trust’s stock after buying an additional 102,147 shares during the quarter. Neuberger Berman Group LLC’s holdings in Welltower were worth $119,666,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SouthState Corp raised its stake in shares of Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 148 shares during the period. Wealth Preservation Advisors LLC acquired a new position in Welltower during the first quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new position in Welltower during the first quarter worth $32,000. WPG Advisers LLC purchased a new position in shares of Welltower during the first quarter worth $34,000. Finally, Saudi Central Bank purchased a new position in shares of Welltower during the first quarter worth $38,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on WELL shares. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Evercore ISI increased their price target on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. KeyCorp raised their price objective 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. Morgan Stanley upped their target price on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, Wells Fargo & Company increased their target price on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average price target of $193.93.

Welltower Stock Up 0.9%

Shares of Welltower stock opened at $206.33 on Friday. The company has a quick ratio of 4.19, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. Welltower Inc. has a 52-week low of $123.11 and a 52-week high of $207.01. The company has a market capitalization of $141.61 billion, a P/E ratio of 142.30, a P/E/G ratio of 1.93 and a beta of 0.92. The company has a 50 day moving average of $182.01 and a 200 day moving average of $166.70.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The company’s revenue was up 30.7% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 10th. Welltower’s dividend payout ratio is currently 204.14%.

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.