Sumitomo Life Insurance Co. Trims Position in Welltower Inc. $WELL

Sumitomo Life Insurance Co. cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 5.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 15,137 shares of the real estate investment trust’s stock after selling 942 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Welltower were worth $2,327,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Cornerstone Wealth Group LLC grew its stake in Welltower by 4.7% in the second quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 66 shares during the period. Rise Advisors LLC grew its stake in Welltower by 23.3% in the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 69 shares during the period. Orion Capital Management LLC grew its stake in Welltower by 5.6% in the second quarter. Orion Capital Management LLC now owns 1,362 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 72 shares during the period. Sound View Wealth Advisors Group LLC grew its stake in Welltower by 2.0% in the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust’s stock worth $558,000 after purchasing an additional 73 shares during the period. Finally, SJS Investment Consulting Inc. grew its stake in Welltower by 7.8% in the second quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 73 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WELL shares. KeyCorp upped their price target on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 23rd. UBS Group set a $203.00 price target on Welltower in a research note on Wednesday. Evercore ISI upped their price target on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Cantor Fitzgerald upped their price target on Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Loop Capital set a $196.00 target price on Welltower in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.93.

Welltower Trading Up 0.1%

Welltower stock opened at $180.99 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 business’s fifty day simple moving average is $171.64 and its two-hundred day simple moving average is $160.71. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $189.53. The company has a market capitalization of $124.22 billion, a price-to-earnings ratio of 124.82, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92.

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 the consensus estimate of $1.30 by $0.04. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 10th. Welltower’s dividend payout ratio is presently 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.