Welltower Inc. $WELL Shares Sold by Asset Planning Inc

Asset Planning Inc decreased its holdings in Welltower Inc. (NYSE:WELL) by 0.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 20,204 shares of the real estate investment trust’s stock after selling 192 shares during the period. Welltower makes up 2.3% of Asset Planning Inc’s portfolio, making the stock its 9th biggest position. Asset Planning Inc’s holdings in Welltower were worth $3,106,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Good Life Advisors LLC increased its position in shares of Welltower by 1.2% during the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust’s stock worth $880,000 after purchasing an additional 69 shares in the last quarter. Rise Advisors LLC increased its position in shares of Welltower by 23.3% during the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 69 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its position in shares of Welltower by 2.0% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust’s stock worth $558,000 after purchasing an additional 73 shares in the last quarter. SJS Investment Consulting Inc. increased its position in shares of Welltower by 7.8% during the 2nd quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 73 shares in the last quarter. Finally, Premier Path Wealth Partners LLC increased its position in Welltower by 1.8% in the 1st quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust’s stock valued at $678,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WELL shares. UBS Group started coverage on shares of Welltower in a research report on Friday, September 19th. They issued a “buy” rating and a $195.00 price objective for the company. Cantor Fitzgerald started coverage on shares of Welltower in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.69.

Welltower Stock Down 0.9%

Shares of NYSE:WELL opened at $165.84 on Friday. Welltower Inc. has a one year low of $123.11 and a one year high of $180.40. The company has a 50 day moving average of $168.59 and a 200-day moving average of $157.43. 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 stock has a market cap of $110.92 billion, a price-to-earnings ratio of 93.70, a P/E/G ratio of 1.87 and a beta of 0.92.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS 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 company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the company earned $1.05 EPS. Welltower’s revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.67. Welltower’s payout ratio is 167.23%.

About Welltower

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.