Commonwealth Equity Services LLC Decreases Stock Holdings in Welltower Inc. $WELL

Commonwealth Equity Services LLC trimmed its position in shares of Welltower Inc. (NYSE:WELL) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,507 shares of the real estate investment trust’s stock after selling 6,588 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Welltower were worth $15,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Global Wealth Strategies & Associates purchased a new position in Welltower during the third quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. raised its position in shares of Welltower by 39.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 87 shares in the last quarter. Copia Wealth Management bought a new stake in Welltower in the second quarter worth $51,000. NewSquare Capital LLC boosted its position in shares of Welltower by 30.2% during the second quarter. NewSquare Capital LLC now owns 362 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 84 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in Welltower in the 3rd quarter valued at $59,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WELL shares. KeyCorp increased their target price on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. Evercore ISI increased their price objective on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $205.00 price target on shares of Welltower in a research report on Thursday, December 18th. Wall Street Zen cut shares of Welltower from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, National Bankshares set a $246.00 price objective on shares of Welltower in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given 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.

Welltower Trading Down 0.1%

Shares of WELL opened at $186.12 on Friday. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $209.05. 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 firm has a market capitalization of $127.74 billion, a P/E ratio of 128.36, a P/E/G ratio of 1.31 and a beta of 0.86. The firm has a 50-day moving average price of $192.61 and a 200 day moving average price of $175.57.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, beating the consensus estimate of $1.30 by $0.04. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The company’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Tuesday, November 11th were paid a dividend of $0.74 per share. 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%.

Welltower Profile

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.