GRS Advisors LLC Sells 342,223 Shares of Welltower Inc. $WELL

GRS Advisors LLC cut its position in shares of Welltower Inc. (NYSE:WELL) by 58.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,231 shares of the real estate investment trust’s stock after selling 342,223 shares during the quarter. Welltower comprises 3.6% of GRS Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. GRS Advisors LLC’s holdings in Welltower were worth $37,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. State Street Corp lifted its position in Welltower by 4.6% during the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after buying an additional 1,740,196 shares during the period. Norges Bank bought a new position in shares of Welltower in the 2nd quarter worth about $4,903,554,000. Wellington Management Group LLP lifted its position in 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 period. Geode Capital Management LLC lifted its position in Welltower by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock valued at $2,303,484,000 after acquiring an additional 723,887 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in 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 worth $1,367,226,000 after acquiring an additional 2,622,384 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WELL shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. KeyCorp raised their price objective on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. National Bankshares set a $246.00 price objective on Welltower in a research note on Friday, October 17th. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Morgan Stanley raised their price target on Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. One investment 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.87.

Welltower Stock Performance

Shares of WELL opened at $200.89 on Tuesday. The company has a market cap of $137.87 billion, a price-to-earnings ratio of 138.54, a P/E/G ratio of 1.62 and a beta of 0.84. The business’s fifty day simple moving average is $186.55 and its two-hundred day simple moving average is $169.75. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $209.05. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the company posted $1.11 earnings per share. The company’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. Research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

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

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.