Handelsbanken Fonder AB Has $46.63 Million Position in Welltower Inc. $WELL

Handelsbanken Fonder AB lowered its holdings in shares of Welltower Inc. (NYSE:WELL) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 303,290 shares of the real estate investment trust’s stock after selling 21,162 shares during the period. Handelsbanken Fonder AB’s holdings in Welltower were worth $46,625,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings 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 worth $3,261,792,000 after purchasing an additional 2,614,562 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Welltower by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after acquiring an additional 723,887 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Welltower by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock worth $1,367,226,000 after acquiring an additional 2,622,384 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Welltower by 0.4% in 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. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald lifted their target price on Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a research note on Wednesday. KeyCorp boosted their target price on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. Morgan Stanley increased their target price on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Scotiabank upped their price objective on shares of Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.73.

Welltower Stock Performance

WELL opened at $199.90 on Friday. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average price is $178.94 and its two-hundred day moving average price is $165.17. Welltower Inc. has a 1-year low of $123.11 and a 1-year high of $201.42. The company has a market cap of $137.20 billion, a price-to-earnings ratio of 137.86, a PEG ratio of 1.93 and a beta of 0.92.

Welltower (NYSE:WELL) last issued 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. The firm 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 business’s revenue was up 30.7% on a year-over-year basis. During the same period last year, the company earned $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th were paid a $0.74 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. Welltower’s dividend payout ratio is 204.14%.

Welltower Company 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.