Cherokee Insurance Co Purchases New Shares in Welltower Inc. $WELL

Cherokee Insurance Co purchased a new position in Welltower Inc. (NYSE:WELL) during the second quarter, Holdings Channel.com reports. The firm purchased 1,600 shares of the real estate investment trust’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WELL. Candriam S.C.A. raised its position in Welltower by 2.6% during the second quarter. Candriam S.C.A. now owns 416,674 shares of the real estate investment trust’s stock valued at $64,058,000 after buying an additional 10,584 shares during the period. LPL Financial LLC grew its stake in Welltower by 3.9% during the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock valued at $39,536,000 after acquiring an additional 9,678 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Welltower by 55.6% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock valued at $461,660,000 after purchasing an additional 1,076,293 shares during the period. Jump Financial LLC purchased a new stake in shares of Welltower in the first quarter worth approximately $1,697,000. Finally, Western Financial Corp CA acquired a new stake in shares of Welltower during the second quarter worth approximately $1,795,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL opened at $190.99 on Friday. The firm has a market cap of $131.08 billion, a price-to-earnings ratio of 131.72, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The company’s fifty day moving average is $175.50 and its 200-day moving average is $163.24. The company has a quick ratio of 4.19, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $192.81.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. Welltower’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Equities analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on WELL. Weiss Ratings reiterated a “buy (b)” rating on shares of Welltower in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Welltower from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Loop Capital set a $196.00 price target on shares of Welltower in a research note on Wednesday, October 29th. KeyCorp lifted their price objective on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. Finally, Evercore ISI boosted their target price on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.