Nordea Investment Management AB Has $307.11 Million Stock Holdings in Welltower Inc. $WELL

Nordea Investment Management AB increased its position in shares of Welltower Inc. (NYSE:WELL) by 7.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,726,577 shares of the real estate investment trust’s stock after purchasing an additional 124,087 shares during the period. Nordea Investment Management AB’s holdings in Welltower were worth $307,106,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Welltower during the second quarter worth approximately $4,903,554,000. State Street Corp lifted its stake in shares of Welltower by 4.6% in the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after buying an additional 1,740,196 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Welltower by 241.5% during the second quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock valued at $190,801,000 after buying an additional 877,725 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Welltower by 5.1% during the second quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock valued at $2,303,484,000 after buying an additional 723,887 shares during the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of Welltower during the second quarter worth about $88,986,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

Shares of NYSE WELL opened at $186.64 on Tuesday. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. The firm has a market cap of $128.09 billion, a price-to-earnings ratio of 128.71, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86. Welltower Inc. has a 1-year low of $124.19 and a 1-year high of $209.05. The stock has a fifty day simple moving average of $192.70 and a two-hundred day simple moving average of $175.95.

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. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on WELL. National Bankshares set a $246.00 price target on Welltower in a research note on Friday, October 17th. Morgan Stanley raised their target price on Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Wall Street Zen downgraded Welltower from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Evercore ISI increased their price target 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, UBS Group cut their price objective on shares of Welltower from $232.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.