Balyasny Asset Management L.P. Grows Holdings in Welltower Inc. $WELL

Balyasny Asset Management L.P. boosted its position in shares of Welltower Inc. (NYSE:WELL) by 241.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,241,145 shares of the real estate investment trust’s stock after acquiring an additional 877,725 shares during the period. Welltower accounts for about 0.3% of Balyasny Asset Management L.P.’s investment portfolio, making the stock its 28th largest position. Balyasny Asset Management L.P.’s holdings in Welltower were worth $190,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. SouthState Corp increased its stake in shares of Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in Welltower in the 1st quarter worth $27,000. WPG Advisers LLC purchased a new stake in Welltower in the 1st quarter worth $34,000. Saudi Central Bank bought a new stake in Welltower during the first quarter valued at about $38,000. Finally, Truvestments Capital LLC purchased a new position in shares of Welltower in the first quarter valued at about $41,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 0.8%

Shares of WELL opened at $186.54 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. The stock has a market capitalization of $128.03 billion, a price-to-earnings ratio of 128.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.84. Welltower Inc. has a 1 year low of $123.11 and a 1 year high of $209.05. The business’s 50 day simple moving average is $187.54 and its 200-day simple moving average is $170.59.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. Welltower’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, equities analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th were issued a $0.74 dividend. The ex-dividend date was Monday, November 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.6%. Welltower’s payout ratio is 204.14%.

Analyst Upgrades and Downgrades

WELL has been the subject of several research analyst reports. Scotiabank increased their target price on Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Cantor Fitzgerald upped their price target on Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Wells Fargo & Company lifted their price objective on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Evercore ISI boosted their target price on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Finally, UBS Group raised their target price on shares of Welltower from $203.00 to $232.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.87.

About Welltower

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.