Intech Investment Management LLC Sells 53,782 Shares of Welltower Inc. $WELL

Intech Investment Management LLC trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 36.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,415 shares of the real estate investment trust’s stock after selling 53,782 shares during the period. Intech Investment Management LLC’s holdings in Welltower were worth $14,668,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 279 shares during the last quarter. CWM LLC boosted its holdings in Welltower by 5.3% in the first quarter. CWM LLC now owns 15,180 shares of the real estate investment trust’s stock worth $2,326,000 after purchasing an additional 767 shares during the last quarter. Apollon Wealth Management LLC grew its position in Welltower by 14.8% in the 1st quarter. Apollon Wealth Management LLC now owns 5,564 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 717 shares during the period. Larson Financial Group LLC raised its stake in Welltower by 133.5% during the 1st quarter. Larson Financial Group LLC now owns 1,485 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 849 shares during the last quarter. Finally, Bridgewater Advisors Inc. purchased a new position in shares of Welltower in the 1st quarter worth $211,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE:WELL opened at $193.86 on Friday. The stock has a market capitalization of $133.05 billion, a P/E ratio of 133.69, a P/E/G ratio of 1.93 and a beta of 0.92. The company has a current ratio of 5.47, a quick ratio of 4.19 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 $194.83. The stock has a 50-day moving average price of $176.02 and a 200 day moving average price of $163.55.

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

Welltower Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. KeyCorp increased their target price on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Loop Capital set a $196.00 price target on shares of Welltower in a research report on Wednesday, October 29th. Wells Fargo & Company boosted their target price on shares of Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Scotiabank upped their target price on shares of Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average target price of $190.07.

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.