Stock Yards Bank & Trust Co. Has $473,000 Stock Holdings in Welltower Inc. $WELL

Stock Yards Bank & Trust Co. increased its position in shares of Welltower Inc. (NYSE:WELL) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,074 shares of the real estate investment trust’s stock after acquiring an additional 99 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Welltower were worth $473,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. SouthState Corp lifted its stake in Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 148 shares during the period. Wealth Preservation Advisors LLC acquired a new position in Welltower in the first quarter valued at about $27,000. Harbor Capital Advisors Inc. acquired a new position in Welltower in the first quarter valued at about $28,000. Smallwood Wealth Investment Management LLC acquired a new position in Welltower in the first quarter valued at about $28,000. Finally, Hughes Financial Services LLC acquired a new position in Welltower in the first quarter valued at about $31,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

WELL opened at $175.35 on Friday. Welltower Inc. has a 12-month low of $122.34 and a 12-month high of $180.40. The stock has a market cap of $117.28 billion, a price-to-earnings ratio of 99.07, a PEG ratio of 1.97 and a beta of 0.92. The business has a 50 day moving average of $168.05 and a 200-day moving average of $156.70. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business’s revenue was up 39.6% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were issued a $0.74 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.7%. This is a boost from Welltower’s previous quarterly dividend of $0.67. Welltower’s payout ratio is presently 167.23%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Welltower in a report on Saturday, September 27th. Evercore ISI increased their price target on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. KeyCorp increased their price target on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. Finally, Wells Fargo & Company increased their price target on Welltower from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.62.

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.