Triasima Portfolio Management inc. Acquires 3,760 Shares of Welltower Inc. $WELL

Triasima Portfolio Management inc. increased its holdings in Welltower Inc. (NYSE:WELL) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,209 shares of the real estate investment trust’s stock after purchasing an additional 3,760 shares during the period. Welltower accounts for 1.2% of Triasima Portfolio Management inc.’s holdings, making the stock its 21st biggest holding. Triasima Portfolio Management inc.’s holdings in Welltower were worth $8,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Wealth Strategies & Associates bought a new position in shares of Welltower during the third quarter worth $36,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Welltower by 39.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 87 shares during the last quarter. Copia Wealth Management purchased a new position in shares of Welltower during the second quarter valued at about $51,000. City Holding Co. bought a new stake in shares of Welltower in the third quarter worth about $59,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Welltower in the third quarter worth about $59,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

WELL has been the subject of several research analyst reports. Wall Street Zen cut Welltower from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Scotiabank raised their target price on shares of Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday, November 13th. KeyCorp upped their price target on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. Loop Capital set a $196.00 price objective on shares of Welltower in a research note 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 company an “overweight” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $204.80.

Welltower Trading Down 0.5%

Shares of WELL opened at $190.46 on Tuesday. The company’s fifty day simple moving average is $192.82 and its 200-day simple moving average is $177.26. The company has a market cap of $130.72 billion, a P/E ratio of 131.35, a P/E/G ratio of 1.38 and a beta of 0.86. 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 Inc. has a twelve month low of $129.62 and a twelve month high of $209.05.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.70 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Tuesday, November 11th were issued a dividend of $0.74 per share. The ex-dividend date was Monday, November 10th. This represents a $2.96 dividend on an annualized basis and a yield of 1.6%. Welltower’s payout ratio is presently 204.14%.

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.