Advisors Asset Management Inc. Purchases 5,684 Shares of Welltower Inc. $WELL

Advisors Asset Management Inc. boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,494 shares of the real estate investment trust’s stock after acquiring an additional 5,684 shares during the period. Advisors Asset Management Inc.’s holdings in Welltower were worth $9,761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WELL. SouthState Corp boosted its stake in Welltower by 704.8% during the 1st 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 during the last quarter. Wealth Preservation Advisors LLC bought a new stake in Welltower during the first quarter valued at about $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Welltower during the 1st quarter valued at approximately $32,000. WPG Advisers LLC purchased a new position in shares of Welltower during the 1st quarter valued at $34,000. Finally, Saudi Central Bank bought a new position in shares of Welltower in the first quarter worth about $38,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 1.1%

Shares of WELL opened at $204.51 on Wednesday. The firm has a market cap of $140.36 billion, a P/E ratio of 141.04, a PEG ratio of 1.93 and a beta of 0.92. The stock’s 50 day moving average is $180.41 and its two-hundred day moving average is $166.14. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $205.33.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share 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 business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $1.11 earnings per share. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th were issued a dividend of $0.74 per share. The ex-dividend date was Monday, November 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s dividend payout ratio is currently 204.14%.

Wall Street Analyst Weigh In

WELL has been the subject of a number of recent research reports. Evercore ISI raised their target price on shares of Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a report on Wednesday, November 19th. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Wells Fargo & Company raised their price objective on Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, National Bankshares set a $246.00 target price on shares of Welltower in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $193.93.

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.