Strs Ohio Sells 73,360 Shares of Welltower Inc. $WELL

Strs Ohio lowered its holdings in shares of Welltower Inc. (NYSE:WELL) by 9.5% during the third quarter, HoldingsChannel reports. The firm owned 696,058 shares of the real estate investment trust’s stock after selling 73,360 shares during the quarter. Strs Ohio’s holdings in Welltower were worth $123,996,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WELL. Brighton Jones LLC lifted 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 valued at $527,000 after acquiring an additional 279 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Welltower by 31.7% in the 1st quarter. Empowered Funds LLC now owns 14,790 shares of the real estate investment trust’s stock valued at $2,266,000 after purchasing an additional 3,564 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Welltower by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 1,910 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 127 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Welltower by 8.0% in the second quarter. Assenagon Asset Management S.A. now owns 22,754 shares of the real estate investment trust’s stock valued at $3,498,000 after purchasing an additional 1,690 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Welltower by 37.0% during the second quarter. Farther Finance Advisors LLC now owns 7,137 shares of the real estate investment trust’s stock worth $1,097,000 after buying an additional 1,928 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Down 2.2%

Shares of NYSE WELL opened at $181.95 on Friday. Welltower Inc. has a 52 week low of $130.29 and a 52 week high of $209.05. The stock’s fifty day moving average is $192.44 and its 200 day moving average is $177.60. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47. The stock has a market capitalization of $124.88 billion, a P/E ratio of 125.48, a PEG ratio of 1.34 and a beta of 0.86.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $1.11 earnings per share. The company’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. Sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, November 10th. Welltower’s dividend payout ratio is presently 204.14%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WELL shares. National Bankshares set a $246.00 price target on Welltower in a research report on Friday, October 17th. Loop Capital set a $196.00 price target on shares of Welltower in a research note on Wednesday, October 29th. JPMorgan Chase & Co. restated a “neutral” rating and set a $205.00 price objective on shares of Welltower in a research note on Thursday, December 18th. Morgan Stanley raised their price objective on Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $231.00 price target on shares of Welltower in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.