Bamco Inc. NY Sells 93,801 Shares of Welltower Inc. $WELL

Bamco Inc. NY lessened its holdings in Welltower Inc. (NYSE:WELL) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,228,446 shares of the real estate investment trust’s stock after selling 93,801 shares during the period. Bamco Inc. NY owned about 0.18% of Welltower worth $188,849,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WELL. Norges Bank purchased a new position in shares of Welltower in the 2nd quarter worth about $4,903,554,000. Price T Rowe Associates Inc. MD increased its stake in shares of Welltower by 41.6% during the 1st 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 purchasing an additional 2,622,384 shares during the last quarter. Wellington Management Group LLP increased its stake 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 purchasing an additional 2,614,562 shares during the last quarter. State Street Corp raised its holdings in shares of Welltower by 4.6% in the 2nd 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 period. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in 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. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on WELL. National Bankshares set a $246.00 price target on Welltower in a research report on Friday, October 17th. KeyCorp boosted their price objective on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. Morgan Stanley upped their price target on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Welltower in a research report on Monday. Finally, Loop Capital set a $196.00 price target on Welltower in a report on Wednesday, October 29th. One 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 company’s stock. According to MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.87.

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. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the firm earned $1.11 earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th were paid a $0.74 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.6%. Welltower’s dividend payout ratio (DPR) is 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.