QRG Capital Management Inc. Has $12.71 Million Stake in Welltower Inc. $WELL

QRG Capital Management Inc. reduced its position in shares of Welltower Inc. (NYSE:WELL) by 18.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 71,371 shares of the real estate investment trust’s stock after selling 16,442 shares during the quarter. QRG Capital Management Inc.’s holdings in Welltower were worth $12,714,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Welltower during the 2nd quarter worth approximately $4,903,554,000. State Street Corp increased its holdings in Welltower by 4.6% during the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after buying an additional 1,740,196 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Welltower by 241.5% during the second quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock worth $190,801,000 after buying an additional 877,725 shares during the last quarter. Geode Capital Management LLC raised its position in Welltower by 5.1% during the second 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 acquiring an additional 723,887 shares in the last quarter. Finally, Congress Asset Management Co. acquired a new stake in Welltower in the second quarter valued at $88,986,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Up 1.6%

Shares of NYSE:WELL opened at $191.18 on Friday. The business’s 50 day simple moving average is $192.82 and its 200 day simple moving average is $176.81. Welltower Inc. has a 1 year low of $128.35 and a 1 year high of $209.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The company has a market capitalization of $131.21 billion, a P/E ratio of 131.85, a P/E/G ratio of 1.38 and a beta of 0.86.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.Welltower’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Tuesday, November 11th were given a dividend of $0.74 per share. The ex-dividend date was Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. Welltower’s dividend payout ratio (DPR) is currently 204.14%.

Analyst Ratings Changes

Several research firms have recently weighed in on WELL. JPMorgan Chase & Co. restated a “neutral” rating and set a $205.00 price objective on shares of Welltower in a research note on Thursday, December 18th. Wall Street Zen downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $204.00 price objective on shares of Welltower in a research note on Monday, January 5th. Morgan Stanley lifted their target price on Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, UBS Group decreased their target price on Welltower from $232.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average 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.