Beacon Pointe Advisors LLC Acquires Shares of 20,305 Welltower Inc. $WELL

Key Points

• Beacon Pointe Advisors initiated a position in Welltower by purchasing 20,305 shares valued at approximately $4.6 million. Institutional investors collectively own 94.8% of the REIT.
• Analysts remain broadly positive, with 14 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $246.11.
• Welltower reported quarterly revenue of $3.54 billion, up 39.1% year over year, but missed earnings expectations. The company raised its quarterly dividend to $0.85, equal to a 1.4% annual yield.

Beacon Pointe Advisors LLC bought a new position in Welltower Inc. (NYSE:WELL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,305 shares of the real estate investment trust's stock, valued at approximately $4,607,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Welltower by 5.5% in the second quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust's stock worth $17,714,830,000 after acquiring an additional 4,045,458 shares during the period. Capital International Investors raised its stake in shares of Welltower by 2.0% during the 4th quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust's stock valued at $8,805,411,000 after purchasing an additional 915,514 shares during the period. State Street Corp lifted its holdings in Welltower by 1.2% during the 4th quarter. State Street Corp now owns 41,760,328 shares of the real estate investment trust's stock worth $7,751,134,000 after purchasing an additional 506,374 shares in the last quarter. Norges Bank purchased a new stake in Welltower during the 4th quarter worth about $5,466,264,000. Finally, Bank of America Corp DE boosted its stake in Welltower by 6.6% in the 1st quarter. Bank of America Corp DE now owns 21,750,501 shares of the real estate investment trust's stock worth $4,300,291,000 after purchasing an additional 1,347,243 shares during the period. Institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WELL. Jefferies Financial Group raised their price objective on shares of Welltower from $237.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. Wall Street Zen raised shares of Welltower from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. KeyCorp increased their target price on shares of Welltower from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. Evercore reissued an "outperform" rating and issued a $260.00 price target on shares of Welltower in a report on Thursday, July 30th. Finally, Barclays started coverage on shares of Welltower in a research report on Tuesday, July 7th. They set an "equal weight" rating and a $254.00 price target for the company. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $246.11.

Welltower Stock Performance

NYSE WELL opened at $237.51 on Friday. The company has a 50-day simple moving average of $235.54 and a two-hundred day simple moving average of $217.59. Welltower Inc. has a 12-month low of $163.75 and a 12-month high of $255.20. The firm has a market cap of $171.18 billion, a price-to-earnings ratio of 108.95, a PEG ratio of 1.14 and a beta of 0.76. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.37.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). The company 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 firm's quarterly revenue was up 39.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 EPS. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. On average, equities analysts forecast that Welltower Inc. will post 6.43 EPS for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Wednesday, August 12th were issued a $0.85 dividend. This is a positive change from Welltower's previous quarterly dividend of $0.74. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, August 12th. Welltower's dividend payout ratio (DPR) is 155.96%.

Insider Activity at Welltower

In other news, Director Andrew Gundlach purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $239.47 per share, for a total transaction of $1,197,350.00. Following the acquisition, the director directly owned 25,000 shares of the company's stock, valued at $5,986,750. This represents a 25.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is currently owned by insiders.

Welltower Company 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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