WestEnd Advisors LLC Sells 24,580 Shares of Welltower Inc. $WELL

WestEnd Advisors LLC reduced its position in shares of Welltower Inc. (NYSE:WELL) by 15.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,866 shares of the real estate investment trust’s stock after selling 24,580 shares during the period. WestEnd Advisors LLC’s holdings in Welltower were worth $21,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WELL. Brighton Jones LLC grew its holdings in shares of Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after purchasing an additional 279 shares during the last quarter. NBC Securities Inc. acquired a new position in Welltower in the first quarter valued at approximately $131,000. Procyon Advisors LLC acquired a new position in shares of Welltower during the first quarter worth approximately $234,000. Gateway Investment Advisers LLC acquired a new position in shares of Welltower during the first quarter worth approximately $246,000. Finally, Park Avenue Securities LLC raised its position in shares of Welltower by 26.7% during the first quarter. Park Avenue Securities LLC now owns 17,043 shares of the real estate investment trust’s stock worth $2,611,000 after purchasing an additional 3,587 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WELL has been the subject of several recent research reports. UBS Group initiated coverage on Welltower in a report on Friday, September 19th. They set a “buy” rating and a $195.00 price target for the company. KeyCorp upped their price target on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. Scotiabank upped their price target on Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday. Wells Fargo & Company upped their price target on Welltower from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Welltower in a research note on Saturday, September 27th. 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $180.69.

Welltower Stock Down 0.7%

Shares of NYSE WELL opened at $173.00 on Wednesday. Welltower Inc. has a one year low of $122.34 and a one year high of $180.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The business’s fifty day moving average price is $168.51 and its 200-day moving average price is $157.06. The stock has a market capitalization 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 issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm’s quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 EPS. 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 EPS for the current year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This is a positive change from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a yield of 1.7%. 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.