Welltower Inc. (NYSE:WELL) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 18.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,337 shares of the real estate investment trust’s stock after acquiring an additional 1,470 shares during the quarter. Federated Hermes Inc.’s holdings in Welltower were worth $973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Foundation Advisors acquired a new position in shares of Welltower during the 2nd quarter valued at $26,000. Rise Advisors LLC bought a new position in Welltower during the first quarter valued at about $27,000. TruNorth Capital Management LLC acquired a new position in Welltower during the second quarter worth about $27,000. Meeder Asset Management Inc. bought a new stake in Welltower in the second quarter worth about $30,000. Finally, Manchester Capital Management LLC lifted its holdings in Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.1 %

NYSE:WELL opened at $125.27 on Friday. The stock’s 50-day moving average is $117.54 and its two-hundred day moving average is $104.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. The stock has a market cap of $74.90 billion, a PE ratio of 154.65, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. Welltower Inc. has a fifty-two week low of $78.38 and a fifty-two week high of $131.31.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. As a group, equities research analysts forecast that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.14%. This is an increase from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is 330.86%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Wedbush upped their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Wolfe Research raised Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Wells Fargo & Company boosted their target price on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley increased their price target on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $112.38.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.