Strs Ohio Has $124 Million Position in Welltower Inc. $WELL

Strs Ohio cut its stake in Welltower Inc. (NYSE:WELL) by 9.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 696,058 shares of the real estate investment trust’s stock after selling 73,360 shares during the quarter. Strs Ohio owned approximately 0.10% of Welltower worth $123,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WELL. Norges Bank purchased a new position in Welltower in the second quarter valued at about $4,903,554,000. State Street Corp lifted 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 valued at $6,090,212,000 after acquiring an additional 1,740,196 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Welltower by 241.5% in the second quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock valued at $190,801,000 after acquiring an additional 877,725 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 worth $2,303,484,000 after purchasing an additional 723,887 shares during the last quarter. Finally, Congress Asset Management Co. bought a new position in shares of Welltower during the 2nd quarter valued at $88,986,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Price Performance

Shares of WELL stock opened at $181.95 on Friday. 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 Inc. has a 12 month low of $130.29 and a 12 month high of $209.05. The firm has a market cap of $124.88 billion, a price-to-earnings ratio of 125.48, a PEG ratio of 1.34 and a beta of 0.86. The stock has a 50-day moving average price of $192.44 and a 200 day moving average price of $177.60.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (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 company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm earned $1.11 EPS. The company’s revenue for the quarter 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 expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were issued a dividend of $0.74 per share. 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 research analysts recently weighed in on WELL shares. National Bankshares set a $246.00 price objective on Welltower in a research note on Friday, October 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Welltower in a research note on Monday, December 29th. Loop Capital set a $196.00 target price on shares of Welltower in a research note on Wednesday, October 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $205.00 price target on shares of Welltower in a research note on Thursday, December 18th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $231.00 price target on shares of Welltower in a research report on Monday, December 15th. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.