Ethic Inc. Raises Holdings in Welltower Inc. $WELL

Ethic Inc. grew its holdings in Welltower Inc. (NYSE:WELL) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,883 shares of the real estate investment trust’s stock after buying an additional 7,226 shares during the quarter. Ethic Inc.’s holdings in Welltower were worth $19,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WELL. Brighton Jones LLC grew its stake in shares of Welltower by 7.1% during the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after purchasing an additional 279 shares during the period. WPG Advisers LLC purchased a new stake in Welltower during the first quarter worth about $34,000. The Manufacturers Life Insurance Company increased its holdings in Welltower by 6.8% in the first quarter. The Manufacturers Life Insurance Company now owns 407,375 shares of the real estate investment trust’s stock valued at $62,414,000 after buying an additional 26,047 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Welltower by 4.0% in the first quarter. Evergreen Capital Management LLC now owns 3,601 shares of the real estate investment trust’s stock valued at $552,000 after buying an additional 140 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in shares of Welltower by 7.4% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 2,234 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WELL shares. Scotiabank raised their price objective on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 13th. Jefferies Financial Group restated a “buy” rating and issued a $231.00 price target on shares of Welltower in a research report on Monday, December 15th. Cantor Fitzgerald lifted their price target on Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Wells Fargo & Company increased their price objective 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. Finally, Morgan Stanley lifted their target price on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. One investment 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $204.80.

Welltower Stock Up 0.1%

WELL opened at $187.80 on Monday. The firm has a market cap of $128.89 billion, a P/E ratio of 129.52, a PEG ratio of 1.49 and a beta of 0.84. The business’s fifty day simple moving average is $191.03 and its 200 day simple moving average is $173.34. 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.

Welltower (NYSE:WELL) last released its 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 company 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%. The firm’s quarterly revenue 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. As a group, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

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

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.