Banco Bilbao Vizcaya Argentaria S.A. Sells 639 Shares of Welltower Inc. $WELL

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in shares of Welltower Inc. (NYSE:WELL) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,689 shares of the real estate investment trust’s stock after selling 639 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Welltower were worth $2,255,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WELL. Nuveen LLC bought a new position in shares of Welltower in the 1st quarter worth $762,204,000. Price T Rowe Associates Inc. MD increased its position in Welltower by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock worth $1,367,226,000 after buying an additional 2,622,384 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Welltower by 14.0% during the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock worth $3,261,792,000 after buying an additional 2,614,562 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Welltower by 55.6% in the first 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 last quarter. Finally, Ameriprise Financial Inc. increased its position in Welltower by 65.2% during the 1st quarter. Ameriprise Financial Inc. now owns 2,648,557 shares of the real estate investment trust’s stock worth $399,314,000 after buying an additional 1,045,507 shares during the period. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WELL has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a report on Thursday. KeyCorp increased their target price on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. Finally, Wall Street Zen cut Welltower from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. 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 assigned a Sell rating to the stock. According to MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average target price of $190.07.

Welltower Stock Up 1.5%

Shares of NYSE WELL opened at $193.86 on Monday. Welltower Inc. has a 52 week low of $123.11 and a 52 week high of $194.83. The company has a quick ratio of 4.19, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average is $176.02 and its 200 day moving average is $163.71. The company has a market cap of $133.05 billion, a price-to-earnings ratio of 133.69, a PEG ratio of 1.93 and a beta of 0.92.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. The company 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 was up 30.7% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, equities research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.96 annualized dividend and a yield of 1.5%. 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.