Exchange Traded Concepts LLC Has $3.36 Million Stock Position in Welltower Inc. $WELL

Exchange Traded Concepts LLC lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 94.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 18,857 shares of the real estate investment trust’s stock after purchasing an additional 9,148 shares during the period. Exchange Traded Concepts LLC’s holdings in Welltower were worth $3,359,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Candriam S.C.A. increased its holdings in Welltower by 2.6% during the second quarter. Candriam S.C.A. now owns 416,674 shares of the real estate investment trust’s stock worth $64,058,000 after buying an additional 10,584 shares during the last quarter. State Street Corp lifted its holdings in Welltower by 4.6% during 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 in the last quarter. Federated Hermes Inc. boosted its stake in Welltower by 193.5% in the 2nd quarter. Federated Hermes Inc. now owns 196,453 shares of the real estate investment trust’s stock worth $30,201,000 after purchasing an additional 129,521 shares during the period. Jump Financial LLC bought a new position in Welltower during the 1st quarter worth approximately $1,697,000. Finally, Western Financial Corp CA purchased a new position in Welltower in the 2nd quarter worth approximately $1,795,000. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

NYSE:WELL opened at $187.59 on Friday. The business’s 50-day simple moving average is $190.78 and its two-hundred day simple moving average is $172.76. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. Welltower Inc. has a 52 week low of $123.11 and a 52 week high of $209.05. The stock has a market cap of $128.75 billion, a PE ratio of 129.37, a P/E/G ratio of 1.49 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the firm posted $1.11 EPS. The company’s revenue was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on WELL shares. Cantor Fitzgerald increased their price objective on Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. UBS Group increased their target price on Welltower from $203.00 to $232.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Morgan Stanley boosted their price objective on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Wall Street Zen cut Welltower from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Welltower in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Company Profile

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.