Congress Asset Management Co. Acquires 9,777 Shares of Welltower Inc. $WELL

Congress Asset Management Co. raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 588,622 shares of the real estate investment trust’s stock after buying an additional 9,777 shares during the period. Congress Asset Management Co. owned about 0.09% of Welltower worth $104,857,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealth Preservation Advisors LLC purchased a new stake in shares of Welltower in the 1st quarter worth $27,000. Global Wealth Strategies & Associates bought a new stake in Welltower during the third quarter valued at about $36,000. WPG Advisers LLC bought a new stake in Welltower during the first quarter valued at about $34,000. Saudi Central Bank purchased a new stake in Welltower in the first quarter worth about $38,000. Finally, Truvestments Capital LLC bought a new position in shares of Welltower in the first quarter worth about $41,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.7%

Welltower stock opened at $186.23 on Friday. Welltower Inc. has a 1 year low of $123.11 and a 1 year high of $209.05. The firm’s 50 day moving average price is $189.43 and its 200-day moving average price is $171.95. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The stock has a market cap of $127.82 billion, a P/E ratio of 128.44, a PEG ratio of 1.48 and a beta of 0.84.

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

Welltower Dividend Announcement

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

Analyst Ratings Changes

WELL has been the topic of a number of analyst reports. Wall Street Zen cut Welltower from a “hold” rating to a “sell” rating in a research report on Saturday. National Bankshares set a $246.00 price target on shares of Welltower in a report on Friday, October 17th. Jefferies Financial Group reiterated a “buy” rating and issued a $231.00 price target on shares of Welltower in a research report on Monday, December 15th. KeyCorp raised 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. Finally, Wells Fargo & Company lifted their target price on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.80.

About Welltower

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.