Ashton Thomas Securities LLC Acquires Shares of 3,357 Welltower Inc. $WELL

Key Points

• Ashton Thomas Securities LLC acquired 3,357 shares of Welltower Inc., valued at approximately $516,000, indicating continued interest from institutional investors.
• Welltower reported a quarterly earnings per share of $1.28, exceeding estimates, with revenues of $2.55 billion, reflecting a 39.6% year-over-year growth.
• The company recently increased its quarterly dividend to $0.74 per share, leading to an annualized dividend of $2.96 and a yield of 1.7%.

Ashton Thomas Securities LLC acquired a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,357 shares of the real estate investment trust's stock, valued at approximately $516,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp grew its holdings in Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in Welltower in the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. bought a new stake in shares of Welltower during the 1st quarter valued at $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower during the 1st quarter valued at $28,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Welltower during the 1st quarter valued at $31,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

Welltower stock opened at $175.65 on Friday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $117.48 billion, a PE ratio of 99.24, a P/E/G ratio of 2.02 and a beta of 0.92. Welltower Inc. has a 12 month low of $122.34 and a 12 month high of $180.40. The stock has a 50-day moving average price of $167.78 and a two-hundred day moving average price of $156.47.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business's quarterly revenue was up 39.6% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. Welltower's dividend payout ratio is 167.23%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WELL. UBS Group began coverage on Welltower in a research report on Friday, September 19th. They set a "buy" rating and a $195.00 target price for the company. KeyCorp raised their price objective on Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, September 23rd. Scotiabank raised their price objective on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Evercore ISI raised their price objective on Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Finally, Cantor Fitzgerald initiated coverage on Welltower in a research note on Wednesday. They issued an "overweight" rating and a $195.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and an average target price of $180.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.