Quantum Portfolio Management LLC has significantly reduced its holdings in Welltower Inc. (NYSE:WELL), decreasing its position by 47.5% during the second quarter of 2023. According to its recent 13F filing with the Securities and Exchange Commission, Quantum now owns 5,234 shares of the real estate investment trust, down from 4,741 shares sold during the same period, bringing the total value of its stake to approximately $805,000.
Several institutional investors have also altered their positions in Welltower. Amundi increased its stake by 7.0%, now holding 4,064,420 shares valued at $612.5 million after acquiring an additional 266,292 shares. Great Diamond Partners LLC reported a 13.0% growth in its holdings, now owning 17,019 shares worth $2.6 million, following the purchase of 1,953 shares.
Baird Financial Group Inc. increased its investment in Welltower by 7.3%, owning 10,871 shares valued at $1.67 million. First Trust Advisors LP reported a notable increase of 19.5% in its stake, now holding 241,216 shares valued at $37.1 million, while Guggenheim Capital LLC raised its holdings by 23.0%, now owning 131,116 shares worth $20.2 million. Approximately 94.8% of Welltower’s stock is currently held by institutional investors and hedge funds.
Analyst Ratings and Stock Performance
Equity analysts have provided updates on Welltower’s stock, with Evercore ISI raising its price target from $175.00 to $183.00 and maintaining an “in-line” rating. Cantor Fitzgerald also increased its target from $195.00 to $200.00, rating the stock as “overweight.” National Bankshares has set a price target of $246.00, while Loop Capital set a target of $196.00. Wells Fargo & Company raised its price target from $200.00 to $218.00 and maintains an “overweight” rating.
Currently, one analyst has given Welltower a Strong Buy rating, eleven analysts recommend a Buy, one suggests a Hold, and one has rated the stock as a Sell. According to MarketBeat.com, the stock holds an average rating of “Moderate Buy” with a consensus target price of $195.87.
Welltower’s Financial Overview
As of last Friday, Welltower’s stock opened at $204.33. The company has demonstrated strong liquidity, evidenced by a quick ratio and current ratio of 5.47, alongside a debt-to-equity ratio of 0.43. Over the past year, Welltower’s stock has fluctuated, recording a 52-week low of $123.11 and a high of $209.05. The firm’s market capitalization stands at $140.24 billion, with a price-to-earnings ratio of 140.92.
On October 27, 2023, Welltower announced its quarterly earnings, reporting earnings per share of $1.34, surpassing the consensus estimate of $1.30 by $0.04. The company generated revenue of $2.69 billion for the quarter, slightly below the expected $2.70 billion. This represents a 30.7% increase in revenue compared to the same quarter last year, with a return on equity of 2.71% and a net margin of 9.69%. Welltower has set its guidance for fiscal year 2025 at earnings per share between $5.240 and $5.300.
Furthermore, Welltower recently declared a quarterly dividend of $0.74, which was paid to stockholders on November 20, 2023, with an annualized dividend yield of 1.4%. The company’s dividend payout ratio currently stands at 204.14%.
Welltower Inc., headquartered in Toledo, Ohio, is a leading real estate investment trust focused on transforming health care infrastructure by investing in seniors housing and health care facilities. The company collaborates with top operators and health systems to enhance care delivery models and improve overall wellness.
For ongoing updates on Welltower and its performance, interested parties can visit HoldingsChannel.com for the latest 13F filings and insider trades.
