Nisa Investment Advisors LLC Trims Position in Welltower Inc. $WELL

Nisa Investment Advisors LLC trimmed its stake in Welltower Inc. (NYSE:WELL) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,549 shares of the real estate investment trust’s stock after selling 10,374 shares during the period. Nisa Investment Advisors LLC’s holdings in Welltower were worth $45,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Welltower during the second quarter valued at approximately $4,903,554,000. State Street Corp grew its stake in 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 purchasing an additional 1,740,196 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Welltower by 241.5% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock worth $190,801,000 after purchasing an additional 877,725 shares during the period. Strs Ohio purchased a new position in Welltower during the 1st quarter worth $118,453,000. Finally, Geode Capital Management LLC raised 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 purchasing an additional 723,887 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Price Performance

Shares of WELL stock opened at $186.31 on Friday. The stock’s 50-day moving average is $192.51 and its 200 day moving average is $175.20. Welltower Inc. has a 1-year low of $123.11 and a 1-year high of $209.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The company has a market cap of $127.87 billion, a P/E ratio of 128.49, a PEG ratio of 1.31 and a beta of 0.86.

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

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were issued 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%.

Analyst Ratings Changes

WELL has been the subject of several research reports. Evercore ISI increased their price target on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Scotiabank upped their price objective on shares of Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a report on Monday, December 29th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $205.00 price target on shares of Welltower in a report on Thursday, December 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $204.00 price target on shares of Welltower in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $204.80.

Welltower Company Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.