First Trust Advisors LP Has $37.08 Million Stock Position in Welltower Inc. $WELL

First Trust Advisors LP boosted its stake in shares of Welltower Inc. (NYSE:WELL) by 19.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 241,216 shares of the real estate investment trust’s stock after buying an additional 39,287 shares during the quarter. First Trust Advisors LP’s holdings in Welltower were worth $37,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT raised its position in shares of Welltower by 4.2% during the second quarter. Zions Bancorporation National Association UT now owns 1,604 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 65 shares during the last quarter. Cornerstone Wealth Group LLC increased its stake in 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 valued at $225,000 after acquiring an additional 66 shares during the period. Rise Advisors LLC increased its stake in Welltower by 23.3% during the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 69 shares during the period. Bridgewater Advisors Inc. raised its holdings in Welltower by 5.1% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,461 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 71 shares in the last quarter. Finally, Orion Capital Management LLC lifted its position in shares of Welltower by 5.6% in the 2nd quarter. Orion Capital Management LLC now owns 1,362 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 72 shares during the period. 94.80% of the stock is owned by institutional investors.

Welltower Trading Down 2.6%

Shares of WELL stock opened at $195.60 on Wednesday. The company has a market capitalization of $134.25 billion, a P/E ratio of 134.90, a P/E/G ratio of 1.60 and a beta of 0.84. Welltower Inc. has a 12-month low of $123.11 and a 12-month 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. The firm has a 50-day moving average price of $186.90 and a 200 day moving average price of $170.08.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The company’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. Research 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. Shareholders of record on Tuesday, November 11th were given a $0.74 dividend. The ex-dividend date was Monday, November 10th. This represents a $2.96 annualized dividend and a yield of 1.5%. Welltower’s payout ratio is presently 204.14%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WELL shares. Wells Fargo & Company boosted their price objective on Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald boosted their price target on shares of Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Loop Capital set a $196.00 price objective on shares of Welltower in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, National Bankshares set a $246.00 target price on shares of Welltower in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $195.87.

Welltower Company 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.