Federated Hermes Inc. Raises Holdings in Welltower Inc. $WELL

Federated Hermes Inc. raised its stake in shares of Welltower Inc. (NYSE:WELL) by 193.5% in the second quarter, Holdings Channel.com reports. The fund owned 196,453 shares of the real estate investment trust’s stock after purchasing an additional 129,521 shares during the period. Federated Hermes Inc.’s holdings in Welltower were worth $30,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock valued at $527,000 after buying an additional 279 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in Welltower in the first quarter valued at $212,000. Townsquare Capital LLC boosted its position in shares of Welltower by 34.3% in the 1st quarter. Townsquare Capital LLC now owns 8,917 shares of the real estate investment trust’s stock valued at $1,366,000 after purchasing an additional 2,275 shares during the period. SouthState Corp grew its position in shares of Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 148 shares during the last quarter. Finally, Independent Advisor Alliance increased its stake in Welltower by 1.2% in the first quarter. Independent Advisor Alliance now owns 12,969 shares of the real estate investment trust’s stock valued at $1,987,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WELL. KeyCorp increased their price target on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. Loop Capital set a $196.00 price target on Welltower in a report on Wednesday, October 29th. Scotiabank raised their target price on shares of Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.87.

Welltower Stock Performance

Shares of Welltower stock opened at $195.60 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47. Welltower Inc. has a 1 year low of $123.11 and a 1 year high of $209.05. The firm’s 50-day simple moving average is $186.90 and its 200-day simple moving average is $170.08. The firm has a market cap of $134.25 billion, a PE ratio of 134.90, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84.

Welltower (NYSE:WELL) last announced its quarterly earnings data 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. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm 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 company earned $1.11 earnings per share. Welltower’s quarterly revenue was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th were paid a $0.74 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. Welltower’s payout ratio is currently 204.14%.

Welltower Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.