Westover Capital Advisors LLC Sells 3,191 Shares of Welltower Inc. $WELL

Westover Capital Advisors LLC decreased its holdings in shares of Welltower Inc. (NYSE:WELL) by 11.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,639 shares of the real estate investment trust’s stock after selling 3,191 shares during the period. Westover Capital Advisors LLC’s holdings in Welltower were worth $3,941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WELL. Brighton Jones LLC raised its stake in shares of Welltower by 7.1% during the 4th 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 period. Kestra Private Wealth Services LLC raised its stake in shares of Welltower by 11.4% in the first quarter. Kestra Private Wealth Services LLC now owns 28,880 shares of the real estate investment trust’s stock valued at $4,425,000 after buying an additional 2,957 shares during the period. IFP Advisors Inc raised its stake in shares of Welltower by 71.3% in the first quarter. IFP Advisors Inc now owns 2,444 shares of the real estate investment trust’s stock valued at $374,000 after buying an additional 1,017 shares during the period. Twin Capital Management Inc. purchased a new position in shares of Welltower during the 1st quarter valued at $1,653,000. Finally, Atlantic Union Bankshares Corp grew its stake in shares of Welltower by 2.0% during the 1st quarter. Atlantic Union Bankshares Corp now owns 8,159 shares of the real estate investment trust’s stock worth $1,250,000 after acquiring an additional 159 shares during the period. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 1.8%

NYSE WELL opened at $197.22 on Tuesday. The firm has a market cap of $135.36 billion, a PE ratio of 136.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. Welltower Inc. has a 1-year low of $123.11 and a 1-year high of $197.43. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $176.57 and a 200-day moving average of $164.04.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. 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 EPS for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th will be issued a dividend of $0.74 per share. The ex-dividend date is Monday, November 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.5%. Welltower’s dividend payout ratio is 204.14%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WELL. Wells Fargo & Company lifted their target price on shares of Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. 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 report on Tuesday, September 23rd. Scotiabank raised their price target on shares of Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday, November 13th. Wall Street Zen lowered Welltower from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Cantor Fitzgerald raised their price target on Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. One investment 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 given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.07.

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.