Triasima Portfolio Management inc. Boosts Stock Holdings in Welltower Inc. $WELL

Triasima Portfolio Management inc. increased its position in shares of Welltower Inc. (NYSE:WELL) by 14.4% in the second quarter, HoldingsChannel.com reports. The firm owned 42,449 shares of the real estate investment trust’s stock after acquiring an additional 5,341 shares during the quarter. Welltower comprises 1.2% of Triasima Portfolio Management inc.’s holdings, making the stock its 25th largest position. Triasima Portfolio Management inc.’s holdings in Welltower were worth $6,526,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WELL. Nuveen LLC acquired a new position in shares of Welltower during the first quarter worth $762,204,000. Price T Rowe Associates Inc. MD grew its stake in shares of Welltower by 41.6% during the first 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 in the last quarter. Wellington Management Group LLP grew its stake in shares of Welltower by 14.0% during the first 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 in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Welltower by 55.6% during 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 purchasing an additional 1,076,293 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Welltower by 65.2% during the first quarter. Ameriprise Financial Inc. now owns 2,648,557 shares of the real estate investment trust’s stock worth $399,314,000 after purchasing an additional 1,045,507 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Evercore ISI boosted their target price on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. UBS Group started coverage on shares of Welltower in a research note on Friday, September 19th. They issued a “buy” rating and a $195.00 price objective for the company. Scotiabank upped their price objective on shares of Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Cantor Fitzgerald started coverage on shares of Welltower in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.69.

Welltower Price Performance

Shares of WELL opened at $173.00 on Wednesday. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $180.40. The company has a market capitalization of $115.71 billion, a price-to-earnings ratio of 97.74, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. The firm has a 50-day simple moving average of $168.51 and a 200-day simple moving average of $157.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently announced 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 represents a $2.96 annualized dividend and a dividend yield of 1.7%. This is a positive change from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. Welltower’s payout ratio is currently 167.23%.

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.