Federated Hermes Inc. Purchases 129,521 Shares of Welltower Inc. $WELL

Federated Hermes Inc. grew its position in Welltower Inc. (NYSE:WELL) by 193.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,453 shares of the real estate investment trust’s stock after buying an additional 129,521 shares during the quarter. Federated Hermes Inc.’s holdings in Welltower were worth $30,201,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WELL. Norges Bank purchased a new stake in Welltower in the second quarter worth about $4,903,554,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Welltower by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock valued at $1,367,226,000 after purchasing an additional 2,622,384 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Welltower by 14.0% in 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 purchasing an additional 2,614,562 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Welltower by 55.6% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock worth $461,660,000 after purchasing an additional 1,076,293 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Welltower by 65.2% during the first quarter. Ameriprise Financial Inc. now owns 2,648,557 shares of the real estate investment trust’s stock valued at $399,314,000 after purchasing an additional 1,045,507 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 2.6%

WELL stock opened at $195.60 on Wednesday. The stock has a market capitalization of $134.25 billion, a PE ratio of 134.90, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. Welltower Inc. has a 52 week low of $123.11 and a 52 week high of $209.05. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $186.90 and a 200 day moving average of $170.08.

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 business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. Welltower’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 EPS. 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 year.

Welltower Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WELL. KeyCorp upped 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. Loop Capital set a $196.00 price objective on Welltower in a research note on Wednesday, October 29th. UBS Group lifted their target price on Welltower from $203.00 to $232.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Wells Fargo & Company boosted their target price on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Finally, Evercore ISI raised their price target on shares of Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.87.

Welltower Profile

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.