Vontobel Holding Ltd. lifted its stake in shares of Welltower Inc. (NYSE:WELL – Free Report) by 12.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,756 shares of the real estate investment trust’s stock after buying an additional 3,151 shares during the period. Vontobel Holding Ltd.’s holdings in Welltower were worth $4,267,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. SouthState Corp lifted its position in Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 148 shares during the period. Wealth Preservation Advisors LLC acquired a new position in Welltower during the first quarter valued at $27,000. Harbor Capital Advisors Inc. acquired a new position in Welltower during the first quarter valued at $28,000. Smallwood Wealth Investment Management LLC acquired a new position in Welltower during the first quarter valued at $28,000. Finally, Hughes Financial Services LLC acquired a new position in Welltower during the first quarter valued at $31,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
WELL has been the subject of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Welltower in a research report on Wednesday. KeyCorp boosted their target price on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. UBS Group began coverage on shares of Welltower in a report on Friday, September 19th. They issued a “buy” rating and a $195.00 price objective for the company. Cantor Fitzgerald began coverage on shares of Welltower in a report on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.69.
Welltower Stock Down 0.9%
WELL opened at $165.84 on Friday. Welltower Inc. has a fifty-two week low of $123.11 and a fifty-two week high of $180.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The company has a fifty day moving average of $168.59 and a two-hundred day moving average of $157.38. The stock has a market capitalization of $110.92 billion, a price-to-earnings ratio of 93.70, a PEG ratio of 1.89 and a beta of 0.92.
Welltower (NYSE:WELL – Get Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The company’s quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.74 per share. This is an increase from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower’s dividend payout ratio is presently 167.23%.
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.
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