GRIMES & Co WEALTH MANAGEMENT LLC Purchases 6,451 Shares of Welltower Inc. $WELL

GRIMES & Co WEALTH MANAGEMENT LLC raised its position in Welltower Inc. (NYSE:WELL) by 236.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,182 shares of the real estate investment trust’s stock after buying an additional 6,451 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Welltower were worth $1,636,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in WELL. Sachetta LLC boosted its holdings in Welltower by 14.9% in the third quarter. Sachetta LLC now owns 448 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 58 shares during the last quarter. PDS Planning Inc lifted its position in Welltower by 1.4% during the 3rd quarter. PDS Planning Inc now owns 4,326 shares of the real estate investment trust’s stock valued at $771,000 after purchasing an additional 59 shares during the period. Values First Advisors Inc. boosted its stake in shares of Welltower by 1.0% in the 3rd quarter. Values First Advisors Inc. now owns 6,229 shares of the real estate investment trust’s stock valued at $1,110,000 after purchasing an additional 62 shares during the last quarter. Zions Bancorporation National Association UT grew its position in shares of Welltower by 4.2% during the 2nd quarter. Zions Bancorporation National Association UT now owns 1,604 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 65 shares during the period. Finally, Cornerstone Wealth Group LLC raised its stake in shares of Welltower by 4.7% during the second quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 66 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Up 0.8%

Shares of Welltower stock opened at $188.13 on Wednesday. The company has a market capitalization of $129.12 billion, a P/E ratio of 129.75, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86. 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 business has a 50-day moving average of $192.77 and a two-hundred day moving average of $176.21. Welltower Inc. has a 1 year low of $125.70 and a 1 year high of $209.05.

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, beating the consensus estimate of $1.30 by $0.04. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the firm earned $1.11 EPS. Welltower’s quarterly revenue was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, equities analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently declared 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 was Monday, November 10th. Welltower’s dividend payout ratio is 204.14%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WELL. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research note on Monday, December 29th. Morgan Stanley raised their price target on Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. National Bankshares set a $246.00 price objective on Welltower in a report on Friday, October 17th. Loop Capital set a $196.00 target price on Welltower in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company boosted their target price on Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock 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.