Motco Trims Stake in Welltower Inc. $WELL

Motco reduced its position in shares of Welltower Inc. (NYSE:WELL) by 17.9% in the second quarter, Holdings Channel reports. The firm owned 1,639 shares of the real estate investment trust’s stock after selling 357 shares during the period. Motco’s holdings in Welltower were worth $271,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SouthState Corp grew its position in Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Welltower in the first quarter worth $27,000. Smallwood Wealth Investment Management LLC purchased a new position in Welltower in the first quarter worth $28,000. Hughes Financial Services LLC purchased a new position in Welltower in the first quarter worth $31,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Welltower in the first quarter worth $32,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. UBS Group set a $203.00 target price on shares of Welltower in a research report on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Welltower in a research report on Wednesday, October 8th. National Bankshares set a $246.00 price target on shares of Welltower in a research report on Friday, October 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Welltower in a research report on Tuesday. Finally, Wells Fargo & Company upped their price objective on shares of Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned 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 $187.60.

Welltower Stock Performance

Shares of WELL opened at $177.43 on Thursday. Welltower Inc. has a one year low of $123.11 and a one year high of $189.53. The company has a 50-day simple moving average of $171.02 and a two-hundred day simple moving average of $160.22. The firm has a market capitalization of $118.67 billion, a PE ratio of 122.37, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 4.19.

Welltower (NYSE:WELL) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The business’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. On average, analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Tuesday, November 11th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. Welltower’s dividend payout ratio (DPR) 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.