Amalgamated Bank Has $22.80 Million Position in Welltower Inc. $WELL

Amalgamated Bank increased its stake in shares of Welltower Inc. (NYSE:WELL) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,991 shares of the real estate investment trust’s stock after purchasing an additional 5,317 shares during the quarter. Amalgamated Bank’s holdings in Welltower were worth $22,800,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

WELL has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. UBS Group dropped their price target on shares of Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Loop Capital set a $196.00 price objective on shares of Welltower in a research note on Wednesday, October 29th. Jefferies Financial Group restated a “buy” rating and issued a $231.00 price objective on shares of Welltower in a report on Monday, December 15th. Finally, KeyCorp lifted their target price on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. One investment 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. Based on data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Stock Up 1.6%

Shares of NYSE WELL opened at $191.18 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 $128.35 and a 1 year high of $209.05. The stock has a market capitalization of $131.21 billion, a P/E ratio of 131.85, a P/E/G ratio of 1.38 and a beta of 0.86. The company has a 50-day moving average price of $192.82 and a 200-day moving average price of $176.81.

Welltower (NYSE:WELL) last released its quarterly 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 business had revenue of $2.69 billion during the quarter, compared to the consensus estimate 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 previous year, the business earned $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, equities research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were paid 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 1.5%. Welltower’s dividend payout ratio (DPR) is 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.