iA Global Asset Management Inc. Purchases Shares of 19,575 Welltower Inc. $WELL

iA Global Asset Management Inc. acquired a new stake in Welltower Inc. (NYSE:WELL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 19,575 shares of the real estate investment trust’s stock, valued at approximately $3,487,000.

Several other institutional investors also recently modified their holdings of WELL. Simplicity Wealth LLC bought a new position in Welltower during the third quarter worth about $496,000. Triad Wealth Partners LLC lifted its position in shares of Welltower by 6.5% in the third quarter. Triad Wealth Partners LLC now owns 2,235 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 136 shares during the last quarter. Bailard Inc. lifted its position in shares of Welltower by 35.4% in the third quarter. Bailard Inc. now owns 8,820 shares of the real estate investment trust’s stock valued at $1,571,000 after buying an additional 2,304 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Welltower by 13.6% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,567 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 188 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new position in shares of Welltower during the 3rd quarter worth approximately $2,409,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WELL has been the subject of several research reports. UBS Group cut their price target on Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $204.00 price objective on shares of Welltower in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a report on Monday, December 29th. Wells Fargo & Company upped their price target on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $231.00 price target on shares of Welltower in a report on Monday, December 15th. One equities 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 assigned a Sell rating to the company. According to MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average price target of $204.80.

Welltower Trading Up 0.9%

Shares of Welltower stock opened at $183.56 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47. The firm has a 50-day moving average of $192.23 and a 200-day moving average of $177.81. Welltower Inc. has a 52-week low of $130.29 and a 52-week high of $209.05. The stock has a market cap of $125.98 billion, a PE ratio of 126.60, a PEG ratio of 1.26 and a beta of 0.86.

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 business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company earned $1.11 EPS. The business’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, sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors 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 dividend payout ratio is currently 204.14%.

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.