Sei Investments Co. Cuts Stock Holdings in Welltower Inc. $WELL

Sei Investments Co. trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,524,323 shares of the real estate investment trust’s stock after selling 47,548 shares during the period. Sei Investments Co. owned approximately 0.38% of Welltower worth $388,061,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in Welltower by 4.6% in the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after buying an additional 1,740,196 shares in the last quarter. Norges Bank bought a new position in Welltower during the 2nd quarter valued at about $4,903,554,000. Wellington Management Group LLP boosted its holdings in shares of Welltower by 14.0% during the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock valued at $3,261,792,000 after acquiring an additional 2,614,562 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Welltower by 5.1% in the second quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after acquiring an additional 723,887 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Welltower by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock valued at $1,367,226,000 after purchasing an additional 2,622,384 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 2.5%

Shares of NYSE:WELL opened at $190.97 on Thursday. The stock has a 50 day moving average of $187.13 and a 200 day moving average of $170.23. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. The company has a market cap of $131.07 billion, a PE ratio of 131.70, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $209.05.

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

Welltower Dividend Announcement

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

Analyst Upgrades and Downgrades

WELL has been the topic of several research reports. Wells Fargo & Company raised their target price on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Morgan Stanley raised their price target on Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. National Bankshares set a $246.00 target price on Welltower in a report on Friday, October 17th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.87.

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.