Eastern Bank Reduces Holdings in Welltower Inc. $WELL

by · The Markets Daily

Eastern Bank decreased its holdings in Welltower Inc. (NYSE:WELLFree Report) by 65.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 397 shares of the real estate investment trust’s stock after selling 755 shares during the quarter. Eastern Bank’s holdings in Welltower were worth $61,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SouthState Corp lifted its holdings in Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Welltower during the first quarter valued at approximately $27,000. Harbor Capital Advisors Inc. purchased a new position in Welltower during the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new position in Welltower during the first quarter valued at approximately $28,000. Finally, Hughes Financial Services LLC purchased a new position in Welltower during the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on WELL shares. Scotiabank lifted their price target on shares of Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Wells Fargo & Company lifted their price target on shares of Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Cantor Fitzgerald started coverage on shares of Welltower in a report on Wednesday, October 1st. They set an “overweight” rating and a $195.00 price target on the stock. UBS Group started coverage on shares of Welltower in a report on Friday, September 19th. They issued a “buy” rating and a $195.00 target price on the stock. Finally, KeyCorp boosted their target price on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.69.

Check Out Our Latest Stock Analysis on WELL

Welltower Price Performance

WELL stock opened at $165.84 on Monday. Welltower Inc. has a one year low of $123.11 and a one year high of $180.40. The company’s fifty day moving average price is $168.59 and its 200-day moving average price is $157.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The company has a market capitalization of $110.92 billion, a PE ratio of 93.70, a price-to-earnings-growth ratio of 1.87 and a beta of 0.92.

Welltower (NYSE:WELLGet Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. Welltower’s payout ratio is currently 167.23%.

Welltower Company Profile

(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.

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