Amalgamated Bank Buys 3,978 Shares of Welltower Inc. $WELL

Amalgamated Bank lifted its stake in Welltower Inc. (NYSE:WELL) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,674 shares of the real estate investment trust’s stock after purchasing an additional 3,978 shares during the period. Amalgamated Bank’s holdings in Welltower were worth $18,859,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Welltower by 14.0% during the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock valued at $3,261,792,000 after purchasing an additional 2,614,562 shares during the period. Price T Rowe Associates Inc. MD increased its position 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. Northern Trust Corp increased its position in Welltower by 0.4% during the 1st quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust’s stock valued at $1,297,263,000 after purchasing an additional 36,725 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Welltower by 7.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust’s stock valued at $1,250,935,000 after purchasing an additional 532,135 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Welltower by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust’s stock valued at $1,065,820,000 after purchasing an additional 877,856 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Down 1.3%

WELL stock opened at $177.43 on Thursday. The firm has a 50 day moving average of $171.02 and a 200 day moving average of $160.22. The stock has a market capitalization of $118.67 billion, a PE ratio of 122.37, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. The company has a quick ratio of 4.19, 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 $189.53.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, topping analysts’ consensus estimates 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%. Welltower’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 10th. Welltower’s payout ratio is 167.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WELL shares. Loop Capital set a $196.00 target price on shares of Welltower in a research report on Wednesday. Scotiabank raised their target price on shares of Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Wells Fargo & Company raised their target price on shares of Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. UBS Group set a $203.00 price target on shares of Welltower in a report on Wednesday. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average price target of $187.60.

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.