Frank Rimerman Advisors LLC Decreases Position in Welltower Inc. $WELL

Frank Rimerman Advisors LLC lowered its position in Welltower Inc. (NYSE:WELL) by 4.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 9,719 shares of the real estate investment trust’s stock after selling 506 shares during the period. Frank Rimerman Advisors LLC’s holdings in Welltower were worth $1,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Square LLC grew its stake in Welltower by 7.4% in the 2nd quarter. Capital Square LLC now owns 8,102 shares of the real estate investment trust’s stock valued at $1,257,000 after acquiring an additional 556 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Welltower by 3.8% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 5,169 shares of the real estate investment trust’s stock valued at $795,000 after purchasing an additional 190 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its position in shares of Welltower by 24.0% in the second quarter. Mosaic Family Wealth Partners LLC now owns 3,100 shares of the real estate investment trust’s stock valued at $477,000 after purchasing an additional 600 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Welltower by 6.6% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,261,839 shares of the real estate investment trust’s stock worth $193,983,000 after purchasing an additional 77,941 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its position in shares of Welltower by 1.3% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 2,509,637 shares of the real estate investment trust’s stock worth $385,806,000 after purchasing an additional 32,891 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE WELL opened at $198.55 on Wednesday. The business’s 50-day moving average price is $177.17 and its 200 day moving average price is $164.38. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43. Welltower Inc. has a twelve month low of $123.11 and a twelve month high of $200.64. The company has a market capitalization of $136.27 billion, a PE ratio of 136.93, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, November 10th. Welltower’s dividend payout ratio (DPR) is 204.14%.

Analysts Set New Price Targets

A number of brokerages have commented on WELL. KeyCorp increased their target price on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Scotiabank increased their price objective on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 13th. Cantor Fitzgerald lifted their price objective on Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Loop Capital set a $196.00 target price on shares of Welltower in a report on Wednesday, October 29th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.07.

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.