Resona Asset Management Co. Ltd. Trims Stock Holdings in Welltower Inc. $WELL

Resona Asset Management Co. Ltd. reduced its stake in Welltower Inc. (NYSE:WELL) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,066 shares of the real estate investment trust’s stock after selling 12,537 shares during the quarter. Resona Asset Management Co. Ltd. owned about 0.05% of Welltower worth $55,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Wealth Group LLC lifted its position in shares of Welltower by 4.7% in the second quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 66 shares in the last quarter. Rise Advisors LLC lifted its position in shares of Welltower by 23.3% in the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 69 shares in the last quarter. Bridgewater Advisors Inc. lifted its position in shares of Welltower by 5.1% in the second quarter. Bridgewater Advisors Inc. now owns 1,461 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 71 shares in the last quarter. Orion Capital Management LLC lifted its position in shares of Welltower by 5.6% in the second quarter. Orion Capital Management LLC now owns 1,362 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 72 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its position in shares of Welltower by 2.0% in the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust’s stock valued at $558,000 after acquiring an additional 73 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wall Street Zen downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. National Bankshares set a $246.00 target price on Welltower in a research report on Friday, October 17th. Cantor Fitzgerald increased their target price on Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. UBS Group set a $203.00 target price on Welltower in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company increased their target price on Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.93.

Welltower Stock Performance

Shares of NYSE:WELL opened at $186.52 on Thursday. The firm has a market capitalization of $128.01 billion, a PE ratio of 128.63, a P/E/G ratio of 1.93 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. The business has a 50-day moving average of $172.73 and a two-hundred day moving average of $161.50. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $189.53.

Welltower (NYSE:WELL) last announced its quarterly 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. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th will be paid a dividend of $0.74 per share. The ex-dividend date is Monday, November 10th. This represents a $2.96 annualized dividend and a yield of 1.6%. Welltower’s dividend payout ratio is currently 204.14%.

Welltower Company 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.