Bank of America Corp DE Trims Stock Holdings in Welltower Inc. $WELL

Bank of America Corp DE reduced its stake in shares of Welltower Inc. (NYSE:WELL) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,011,127 shares of the real estate investment trust’s stock after selling 1,362,377 shares during the period. Bank of America Corp DE owned 2.84% of Welltower worth $2,922,581,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Zions Bancorporation National Association UT lifted its holdings in Welltower by 4.2% during the second quarter. Zions Bancorporation National Association UT now owns 1,604 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Wealth Group LLC lifted its stake in shares of Welltower by 4.7% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 66 shares in the last quarter. Rise Advisors LLC lifted its stake in shares of Welltower by 23.3% during the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 69 shares in the last quarter. Bridgewater Advisors Inc. boosted its holdings in Welltower by 5.1% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,461 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 71 shares during the period. Finally, Orion Capital Management LLC boosted its holdings in Welltower by 5.6% in the 2nd quarter. Orion Capital Management LLC now owns 1,362 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 72 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Performance

NYSE WELL opened at $186.54 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. Welltower Inc. has a 1-year low of $123.11 and a 1-year high of $209.05. The business has a 50 day simple moving average of $187.54 and a two-hundred day simple moving average of $170.59. The stock has a market capitalization of $128.03 billion, a PE ratio of 128.65, a P/E/G ratio of 1.47 and a beta of 0.84.

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

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders 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 dividend payout ratio (DPR) is 204.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WELL shares. Loop Capital set a $196.00 price target on Welltower in a report on Wednesday, October 29th. Evercore ISI lifted their target price on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. National Bankshares set a $246.00 price target on Welltower in a report on Friday, October 17th. UBS Group upped their price target on Welltower from $203.00 to $232.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Cantor Fitzgerald lifted their price objective on shares of Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.