Bank of New York Mellon Corp Acquires 125,838 Shares of Welltower Inc. $WELL

Bank of New York Mellon Corp boosted its holdings in Welltower Inc. (NYSE:WELL) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,015,959 shares of the real estate investment trust’s stock after buying an additional 125,838 shares during the period. Bank of New York Mellon Corp’s holdings in Welltower were worth $617,373,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WELL. Brighton Jones LLC increased its position in Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 279 shares during the period. DAVENPORT & Co LLC increased its position in Welltower by 2.2% in the 1st quarter. DAVENPORT & Co LLC now owns 4,775 shares of the real estate investment trust’s stock worth $732,000 after buying an additional 103 shares during the period. Mutual Advisors LLC increased its position in Welltower by 71.3% in the 1st quarter. Mutual Advisors LLC now owns 3,504 shares of the real estate investment trust’s stock worth $515,000 after buying an additional 1,459 shares during the period. Capital Investment Advisory Services LLC bought a new position in Welltower in the 1st quarter worth approximately $246,000. Finally, World Investment Advisors increased its position in Welltower by 7.3% in the 1st quarter. World Investment Advisors now owns 2,400 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 164 shares during the period. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

Shares of WELL stock opened at $182.45 on Tuesday. The stock’s fifty day simple moving average is $171.99 and its 200 day simple moving average is $161.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 4.19. The firm has a market cap of $125.22 billion, a price-to-earnings ratio of 125.83, a P/E/G ratio of 1.93 and a beta of 0.92. Welltower Inc. has a one year low of $123.11 and a one year high of $189.53.

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

Welltower Announces Dividend

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

Analyst Upgrades and Downgrades

WELL has been the topic of several recent analyst reports. UBS Group set a $203.00 price target on Welltower in a research report on Wednesday, October 29th. Scotiabank boosted their price objective on Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Evercore ISI boosted their price objective on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company boosted their price objective on Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.93.

Welltower Profile

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.