Resona Asset Management Co. Ltd. Purchases 56,212 Shares of Welltower Inc. $WELL

Resona Asset Management Co. Ltd. boosted its position in Welltower Inc. (NYSE:WELL) by 15.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 418,278 shares of the real estate investment trust’s stock after acquiring an additional 56,212 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Welltower were worth $73,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WELL. Candriam S.C.A. raised its position in shares of Welltower by 2.6% in the second quarter. Candriam S.C.A. now owns 416,674 shares of the real estate investment trust’s stock valued at $64,058,000 after purchasing an additional 10,584 shares during the period. State Street Corp grew its stake 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 valued at $6,090,212,000 after buying an additional 1,740,196 shares in the last quarter. Federated Hermes Inc. raised its holdings in Welltower by 193.5% during the 2nd quarter. Federated Hermes Inc. now owns 196,453 shares of the real estate investment trust’s stock valued at $30,201,000 after acquiring an additional 129,521 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Welltower by 15.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 75,888 shares of the real estate investment trust’s stock worth $11,668,000 after acquiring an additional 10,269 shares in the last quarter. Finally, Blue Capital Inc. bought a new position in shares of Welltower in the second quarter worth $2,326,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE:WELL opened at $183.56 on Friday. The stock has a market cap of $125.98 billion, a P/E ratio of 126.60, a PEG ratio of 1.26 and a beta of 0.86. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $192.23 and its two-hundred day moving average price is $177.81. Welltower Inc. has a twelve month low of $130.29 and a twelve month high of $209.05.

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

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis 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

A number of analysts recently issued reports on the company. UBS Group decreased their price objective on Welltower from $232.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Morgan Stanley lifted their target price on Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $204.00 price target on shares of Welltower in a report on Monday, January 5th. Loop Capital set a $196.00 price objective on shares of Welltower in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company upped 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.80.

About Welltower

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.