Welltower Inc. $WELL Shares Sold by Painted Porch Advisors LLC

Painted Porch Advisors LLC cut its holdings in Welltower Inc. (NYSE:WELL) by 14.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,189 shares of the real estate investment trust’s stock after selling 356 shares during the quarter. Painted Porch Advisors LLC’s holdings in Welltower were worth $337,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WELL. Brighton Jones LLC boosted its position in Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 279 shares during the last quarter. State of Wyoming purchased a new position in shares of Welltower in the 4th quarter valued at $184,000. GTS Securities LLC increased its stake in Welltower by 120.3% during the 4th quarter. GTS Securities LLC now owns 4,033 shares of the real estate investment trust’s stock worth $508,000 after buying an additional 23,933 shares during the period. GF Fund Management CO. LTD. acquired a new position in Welltower during the 4th quarter worth $1,416,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Welltower in the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on WELL. UBS Group began coverage on shares of Welltower in a research report on Friday. They issued a “buy” rating and a $195.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Scotiabank increased their price objective on shares of Welltower from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, Wells Fargo & Company raised their target price on shares of 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, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.55.

Welltower Price Performance

Shares of Welltower stock opened at $165.53 on Monday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a market cap of $110.71 billion, a PE ratio of 93.52, a P/E/G ratio of 1.86 and a beta of 0.93. The business has a 50 day moving average of $165.11 and a 200 day moving average of $154.92. Welltower Inc. has a 52 week low of $122.34 and a 52 week high of $171.09.

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

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio is presently 167.23%.

Insider Buying and Selling at Welltower

In related news, Director Andrew Gundlach bought 20,000 shares of the business’s stock in a transaction dated Monday, June 30th. The shares were purchased at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director owned 20,000 shares in the company, valued at $3,029,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.21% of the company’s stock.

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.