Alteri Wealth LLC Reduces Position in Welltower Inc. $WELL

Alteri Wealth LLC trimmed its holdings in Welltower Inc. (NYSE:WELL) by 16.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,772 shares of the real estate investment trust’s stock after selling 1,148 shares during the quarter. Alteri Wealth LLC’s holdings in Welltower were worth $887,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SouthState Corp increased its stake in Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 148 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in shares of Welltower during the first quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Welltower in the first quarter worth about $32,000. WPG Advisers LLC purchased a new position in Welltower in the 1st quarter worth about $34,000. Finally, Saudi Central Bank purchased a new position in Welltower in the 1st quarter worth about $38,000. 94.80% of the stock is owned by institutional investors.

Welltower Stock Performance

WELL stock opened at $198.55 on Wednesday. Welltower Inc. has a one year low of $123.11 and a one year high of $200.64. The firm has a market cap of $136.27 billion, a price-to-earnings ratio of 136.93, a PEG ratio of 1.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.19 and a current ratio of 5.47. The firm has a 50-day simple moving average of $177.17 and a two-hundred day simple moving average of $164.38.

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

Welltower Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on WELL. UBS Group set a $203.00 price objective on shares of Welltower in a research report on Wednesday, October 29th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Cantor Fitzgerald boosted their price target on Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Loop Capital set a $196.00 price objective on Welltower in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company lifted their target price on Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $190.07.

Welltower Company Profile

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.