National Bank of Canada FI Lowers Stake in Welltower Inc. $WELL

by · The Cerbat Gem

National Bank of Canada FI lessened its position in Welltower Inc. (NYSE:WELL – Free Report) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 644,568 shares of the real estate investment trust’s stock after selling 50,321 shares during the period. National Bank of Canada FI’s holdings in Welltower were worth $99,089,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WELL. Norges Bank purchased a new stake in Welltower in the 2nd quarter worth approximately $4,903,554,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Welltower by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock worth $1,367,226,000 after purchasing an additional 2,622,384 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Welltower by 14.0% in the first quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock valued at $3,261,792,000 after purchasing an additional 2,614,562 shares during the period. State Street Corp increased 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 purchasing an additional 1,740,196 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its position in Welltower by 55.6% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock worth $461,660,000 after buying an additional 1,076,293 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on WELL shares. KeyCorp lifted their price target on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Cantor Fitzgerald raised their target price on shares of Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. National Bankshares set a $246.00 price target on shares of Welltower in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research note on Monday, December 8th. Finally, Evercore ISI boosted their price objective on shares of Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $195.87.

Get Our Latest Stock Analysis on Welltower

Welltower Trading Up 0.8%

NYSE WELL opened at $186.54 on Monday. The firm has a market capitalization of $128.03 billion, a price-to-earnings ratio of 128.65, a PEG ratio of 1.48 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47. Welltower Inc. has a one year low of $123.11 and a one year high of $209.05. The company’s 50 day moving average price is $187.54 and its 200 day moving average price is $170.85.

Welltower (NYSE:WELL – Get Free Report) last released 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 company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm earned $1.11 earnings per share. Welltower’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. On average, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors 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 was Monday, November 10th. Welltower’s dividend payout ratio is currently 204.14%.

About Welltower

(Free Report)

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.

Further Reading

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