Welltower Inc. $WELL Shares Acquired by Allworth Financial LP

Allworth Financial LP raised its stake in shares of Welltower Inc. (NYSE:WELL) by 243.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,880 shares of the real estate investment trust’s stock after purchasing an additional 14,806 shares during the period. Allworth Financial LP’s holdings in Welltower were worth $3,210,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. SouthState Corp increased its holdings in shares of Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Welltower during the first quarter worth about $27,000. N.E.W. Advisory Services LLC purchased a new position in shares of Welltower in the 1st quarter worth about $32,000. WPG Advisers LLC acquired a new position in shares of Welltower in the 1st quarter valued at about $34,000. Finally, Saudi Central Bank acquired a new position in shares of Welltower in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

Shares of NYSE WELL opened at $191.65 on Thursday. Welltower Inc. has a fifty-two week low of $123.11 and a fifty-two week high of $192.81. The business has a 50 day moving average price of $175.03 and a two-hundred day moving average price of $163.04. The company has a quick ratio of 4.19, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The firm has a market cap of $131.53 billion, a PE ratio of 132.17, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92.

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

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th will be given a $0.74 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. Welltower’s payout ratio is presently 204.14%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WELL. Evercore ISI lifted their price target on shares of Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Wells Fargo & Company raised their target price on shares of Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Scotiabank upped their price target on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Loop Capital set a $196.00 price target on Welltower in a report on Wednesday, October 29th. Finally, Wall Street Zen lowered Welltower from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $187.93.

About Welltower

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.