Allworth Financial LP Makes New $4.18 Million Investment in Welltower Inc. $WELL

Key Points

• Allworth Financial initiated a $4.18 million position in Welltower during the second quarter by purchasing 18,436 shares. Institutional investors collectively own 94.8% of the REIT.
• Welltower reported quarterly revenue of $3.54 billion, up 39.1% year over year, but earnings per share of $0.61 missed analysts’ $0.66 estimate. Shares recently opened at $237.57, near their 52-week high.
• The company raised its quarterly dividend from $0.74 to $0.85 per share, equating to an annualized $3.40 dividend and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with a $246.11 average price target.

Allworth Financial LP purchased a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,436 shares of the real estate investment trust's stock, valued at approximately $4,184,000.

Other large investors have also recently made changes to their positions in the company. Leonteq Securities AG grew its holdings in shares of Welltower by 92.3% during the 1st quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Welltower by 124.6% in the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 76 shares during the last quarter. Kilter Group LLC purchased a new stake in Welltower during the second quarter valued at about $29,000. Swiss RE Ltd. bought a new position in shares of Welltower during the fourth quarter valued at about $29,000. Finally, Quarry LP purchased a new position in shares of Welltower in the third quarter worth about $33,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Up 0.8%

Shares of NYSE:WELL opened at $237.57 on Friday. The stock's 50-day moving average is $231.96 and its 200 day moving average is $215.66. The company has a market cap of $171.23 billion, a PE ratio of 108.98, a P/E/G ratio of 1.13 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.16 and a quick ratio of 3.16. Welltower Inc. has a 1 year low of $163.75 and a 1 year high of $255.20.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05). The business had revenue of $3.54 billion during the quarter, compared to analysts' expectations of $3.40 billion. Welltower had a return on equity of 3.56% and a net margin of 12.15%.The company's quarterly revenue was up 39.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Sell-side analysts anticipate that Welltower Inc. will post 6.44 EPS for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Wednesday, August 12th were paid a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This is a positive change from Welltower's previous quarterly dividend of $0.74. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. Welltower's payout ratio is 155.96%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WELL. Cantor Fitzgerald boosted their target price on Welltower from $235.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Mizuho raised their price target on Welltower from $239.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Scotiabank decreased their price target on Welltower from $248.00 to $232.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 18th. Wells Fargo & Company boosted their price objective on Welltower from $228.00 to $237.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. Finally, Wall Street Zen raised Welltower from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.11.

Welltower 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.

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