BI Asset Management Fondsmaeglerselskab A S Raises Stake in Welltower Inc. $WELL

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 121.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 139,772 shares of the real estate investment trust’s stock after purchasing an additional 76,729 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Welltower were worth $21,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Welltower during the second quarter worth $4,903,554,000. Price T Rowe Associates Inc. MD raised its stake in shares of Welltower by 41.6% during the 1st 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 buying an additional 2,622,384 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Welltower by 14.0% in 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 buying an additional 2,614,562 shares during the period. State Street Corp boosted its stake in shares of Welltower by 4.6% in the second 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 during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its holdings in Welltower by 55.6% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock worth $461,660,000 after acquiring an additional 1,076,293 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

WELL stock opened at $186.54 on Friday. Welltower Inc. has a 52-week low of $123.11 and a 52-week high of $209.05. The business has a fifty day moving average of $187.54 and a two-hundred day moving average of $170.59. The stock has a market cap of $128.03 billion, a price-to-earnings ratio of 128.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.84. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43.

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

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, November 10th. Welltower’s payout ratio is currently 204.14%.

Analysts Set New Price Targets

WELL has been the topic of a number of analyst reports. Evercore ISI raised 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. Wells Fargo & Company raised their price target on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. KeyCorp lifted their price objective on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Loop Capital set a $196.00 target price on shares of Welltower in a research note on Wednesday, October 29th. Finally, Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.87.

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.