Praxis Investment Management Inc. Purchases 2,733 Shares of Welltower Inc. $WELL

Praxis Investment Management Inc. lifted its position in Welltower Inc. (NYSE:WELL) by 19.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,153 shares of the real estate investment trust’s stock after purchasing an additional 2,733 shares during the quarter. Praxis Investment Management Inc.’s holdings in Welltower were worth $3,056,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Candriam S.C.A. lifted its holdings in Welltower by 2.6% in the 2nd quarter. Candriam S.C.A. now owns 416,674 shares of the real estate investment trust’s stock worth $64,058,000 after buying an additional 10,584 shares during the period. State Street Corp increased its stake in shares of 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. Federated Hermes Inc. raised its holdings in shares of Welltower by 193.5% during the second quarter. Federated Hermes Inc. now owns 196,453 shares of the real estate investment trust’s stock valued at $30,201,000 after acquiring an additional 129,521 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in Welltower by 55.6% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock worth $461,660,000 after acquiring an additional 1,076,293 shares during the period. Finally, Jump Financial LLC bought a new stake in Welltower in the first quarter valued at $1,697,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on WELL shares. National Bankshares set a $246.00 price objective on shares of Welltower in a report on Friday, October 17th. Scotiabank raised their price objective on shares of Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a report on Thursday, November 13th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 8th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.87.

Welltower Trading Up 0.8%

Welltower stock opened at $186.54 on Monday. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $209.05. The company has a market capitalization of $128.03 billion, a price-to-earnings ratio of 128.65, a price-to-earnings-growth ratio of 1.48 and a beta of 0.84. The business’s fifty day simple moving average is $187.54 and its two-hundred day simple moving average is $170.85. 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 (NYSE:WELL) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.04. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The company’s revenue was up 30.7% on a year-over-year basis. During the same period last year, the company earned $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Tuesday, November 11th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.6%. Welltower’s dividend payout ratio (DPR) 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.