Convergence Investment Partners LLC Takes Position in Welltower Inc. $WELL

Convergence Investment Partners LLC bought a new stake in Welltower Inc. (NYSE:WELL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 5,154 shares of the real estate investment trust’s stock, valued at approximately $792,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Wealth Group LLC raised its holdings in shares of 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 valued at $225,000 after purchasing an additional 66 shares during the last quarter. Rise Advisors LLC raised its holdings in shares of Welltower by 23.3% in the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 69 shares during the last quarter. Orion Capital Management LLC raised its holdings in shares of 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 valued at $209,000 after purchasing an additional 72 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its holdings in Welltower by 2.0% during 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 buying an additional 73 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in Welltower by 7.8% during the second quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

WELL opened at $182.56 on Tuesday. The company has a market capitalization of $122.10 billion, a price-to-earnings ratio of 103.14, a PEG ratio of 1.99 and a beta of 0.92. 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 firm has a 50-day moving average price of $170.45 and a 200-day moving average price of $159.71. Welltower Inc. has a twelve month low of $123.11 and a twelve month high of $182.87.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.04. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.70 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The company’s revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Equities analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. KeyCorp raised their price objective on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. National Bankshares set a $246.00 price objective on shares of Welltower in a report on Friday, October 17th. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. Finally, UBS Group assumed coverage on shares of Welltower in a report on Friday, September 19th. They set a “buy” rating and a $195.00 price objective for the company. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $186.43.

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.