Bamco Inc. NY Sells 93,801 Shares of Welltower Inc. $WELL

Bamco Inc. NY lowered its position in Welltower Inc. (NYSE:WELL) by 7.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,228,446 shares of the real estate investment trust’s stock after selling 93,801 shares during the quarter. Bamco Inc. NY’s holdings in Welltower were worth $188,849,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WELL. Norges Bank purchased a new position in shares of Welltower in the second quarter valued at about $4,903,554,000. Price T Rowe Associates Inc. MD raised its stake in Welltower by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock valued at $1,367,226,000 after purchasing an additional 2,622,384 shares during the period. Wellington Management Group LLP lifted its holdings in Welltower by 14.0% in the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock worth $3,261,792,000 after purchasing an additional 2,614,562 shares in the last quarter. State Street Corp boosted its stake in Welltower by 4.6% in the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after purchasing an additional 1,740,196 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its holdings in Welltower by 55.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock valued at $461,660,000 after buying an additional 1,076,293 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 0.8%

WELL stock opened at $186.54 on Friday. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $209.05. The firm’s 50-day moving average is $187.54 and its 200 day moving average is $170.59. The company has a market capitalization of $128.03 billion, a PE ratio of 128.65, a P/E/G ratio of 1.47 and a beta of 0.84. 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 (NYSE:WELL) last released 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. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. 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. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Wells Fargo & Company raised 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. KeyCorp boosted their target price on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 23rd. Finally, Morgan Stanley increased their price target on Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.