JPMorgan Chase & Co. Buys 149,724 Shares of Welltower Inc. $WELL

JPMorgan Chase & Co. grew its stake in Welltower Inc. (NYSE:WELL) by 1.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,898,391 shares of the real estate investment trust’s stock after buying an additional 149,724 shares during the period. JPMorgan Chase & Co.’s holdings in Welltower were worth $1,214,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings 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 acquiring an additional 279 shares in the last quarter. IFP Advisors Inc lifted its holdings in Welltower by 71.3% during the first quarter. IFP Advisors Inc now owns 2,444 shares of the real estate investment trust’s stock valued at $374,000 after purchasing an additional 1,017 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Welltower by 52.8% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,039 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 359 shares during the period. Wedbush Securities Inc. boosted its position in shares of Welltower by 6.9% in the first quarter. Wedbush Securities Inc. now owns 2,444 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 157 shares during the period. Finally, AE Wealth Management LLC increased its stake in shares of Welltower by 7.8% in the first quarter. AE Wealth Management LLC now owns 2,083 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 151 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WELL shares. Scotiabank lifted their target price on shares of Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 13th. Cantor Fitzgerald raised their price target on Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. UBS Group set a $203.00 price objective on Welltower in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.73.

Welltower Trading Up 1.2%

Shares of WELL stock opened at $199.90 on Friday. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $137.20 billion, a price-to-earnings ratio of 137.86, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $201.42. The stock’s 50-day moving average price is $178.94 and its 200-day moving average price is $165.17.

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, 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 company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the company earned $1.11 earnings per share. The firm’s revenue was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Tuesday, November 11th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, November 10th. Welltower’s payout ratio is currently 204.14%.

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.