Balyasny Asset Management L.P. Increases Holdings in Welltower Inc. $WELL

Balyasny Asset Management L.P. grew its stake in Welltower Inc. (NYSE:WELL) by 241.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,241,145 shares of the real estate investment trust’s stock after acquiring an additional 877,725 shares during the quarter. Welltower accounts for 0.3% of Balyasny Asset Management L.P.’s portfolio, making the stock its 28th biggest holding. Balyasny Asset Management L.P. owned about 0.19% of Welltower worth $190,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WELL. Candriam S.C.A. lifted its position in Welltower by 2.6% in the 2nd quarter. Candriam S.C.A. now owns 416,674 shares of the real estate investment trust’s stock valued at $64,058,000 after acquiring an additional 10,584 shares in the last quarter. State Street Corp raised its stake in shares of Welltower by 4.6% in the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after purchasing an additional 1,740,196 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Welltower by 193.5% during the second quarter. Federated Hermes Inc. now owns 196,453 shares of the real estate investment trust’s stock valued at $30,201,000 after purchasing an additional 129,521 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Welltower by 55.6% during 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 in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Welltower during the first quarter valued at $1,697,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Performance

WELL opened at $186.54 on Friday. The company’s 50 day moving average is $187.54 and its 200 day moving average is $170.59. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. The company has a market cap of $128.03 billion, a price-to-earnings ratio of 128.65, a PEG ratio of 1.47 and a beta of 0.84. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $209.05.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.04. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The company’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Tuesday, November 11th were given a dividend of $0.74 per share. The ex-dividend date was Monday, November 10th. This represents a $2.96 annualized dividend and a yield of 1.6%. Welltower’s payout ratio is 204.14%.

Analyst Ratings Changes

WELL has been the subject of a number of recent analyst reports. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Cantor Fitzgerald boosted their price objective on shares of Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. KeyCorp increased their price objective 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research report on Monday. Finally, National Bankshares set a $246.00 target price on shares of Welltower in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $195.87.

Welltower Company 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.