Sumitomo Mitsui Trust Group Inc. Has $564.56 Million Holdings in Welltower Inc. $WELL

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Welltower Inc. (NYSE:WELL) by 3.1% in the 3rd quarter, Holdings Channel reports. The fund owned 3,169,190 shares of the real estate investment trust’s stock after selling 101,141 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Welltower were worth $564,560,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Sachetta LLC increased its position in Welltower by 14.9% during the 3rd quarter. Sachetta LLC now owns 448 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 58 shares in the last quarter. PDS Planning Inc lifted its stake in shares of Welltower by 1.4% in the 3rd quarter. PDS Planning Inc now owns 4,326 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 59 shares during the last quarter. Values First Advisors Inc. boosted its holdings in shares of Welltower by 1.0% during the 3rd quarter. Values First Advisors Inc. now owns 6,229 shares of the real estate investment trust’s stock valued at $1,110,000 after acquiring an additional 62 shares in the last quarter. Zions Bancorporation National Association UT grew its position in Welltower by 4.2% during the 2nd quarter. Zions Bancorporation National Association UT now owns 1,604 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 65 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its position in Welltower by 4.7% in the second quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 66 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WELL shares. Loop Capital set a $196.00 price target on Welltower in a report on Wednesday, October 29th. UBS Group reduced their target price on shares of Welltower from $232.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday. KeyCorp raised their price target 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Welltower in a research note on Monday, December 29th. Finally, Evercore ISI increased their price objective on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. One equities research 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $204.80.

Welltower Stock Down 0.1%

Shares of NYSE WELL opened at $186.12 on Monday. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The firm has a market cap of $127.74 billion, a PE ratio of 128.36, a P/E/G ratio of 1.34 and a beta of 0.86. The company’s fifty day simple moving average is $192.61 and its 200 day simple moving average is $175.72. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $209.05.

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

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, November 10th. Welltower’s dividend payout ratio (DPR) is 204.14%.

Welltower Company 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.