Welltower Inc. $WELL Shares Sold by Riverview Trust Co

Riverview Trust Co cut its holdings in Welltower Inc. (NYSE:WELL) by 73.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 400 shares of the real estate investment trust’s stock after selling 1,094 shares during the period. Riverview Trust Co’s holdings in Welltower were worth $61,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC increased its stake in shares of Welltower by 3.9% during the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock worth $39,536,000 after purchasing an additional 9,678 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in Welltower by 55.6% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock valued at $461,660,000 after purchasing an additional 1,076,293 shares during the last quarter. Jump Financial LLC acquired a new position in Welltower in the 1st quarter valued at about $1,697,000. Beacon Financial Planning Inc. grew its holdings in shares of Welltower by 6.8% during the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust’s stock worth $4,274,000 after buying an additional 1,780 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in shares of Welltower by 61.4% during the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust’s stock worth $1,035,000 after buying an additional 2,571 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WELL has been the topic of a number of analyst reports. Cantor Fitzgerald initiated coverage on shares of Welltower in a research report on Wednesday. They set an “overweight” rating and a $195.00 target price on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Wells Fargo & Company upped their target price on Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Scotiabank upped their target price on Welltower from $172.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Finally, UBS Group began coverage on Welltower in a research note on Friday, September 19th. They issued a “buy” rating and a $195.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $180.62.

Welltower Stock Performance

Shares of NYSE:WELL opened at $179.52 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. Welltower Inc. has a 12 month low of $122.34 and a 12 month high of $180.40. The firm has a market capitalization of $120.07 billion, a PE ratio of 101.42, a P/E/G ratio of 2.01 and a beta of 0.92. The business has a 50-day moving average of $167.49 and a two-hundred day moving average of $156.30.

Welltower (NYSE:WELL) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business 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 company’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a $0.74 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Welltower’s previous quarterly dividend of $0.67. Welltower’s payout ratio is 167.23%.

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.