Belpointe Asset Management LLC Acquires Shares of 3,922 Welltower Inc. $WELL

Key Points

• Belpointe Asset Management LLC acquired 3,922 shares of Welltower Inc. during the 2nd quarter, valued at approximately $603,000.
• Welltower's quarterly earnings surpassed analysts' estimates with reported EPS of $1.28, leading to a 39.6% revenue increase year-over-year.
• The company recently announced a dividend increase to $0.74 per share, raising its annualized dividend yield to 1.8% from the previous $0.67.

Belpointe Asset Management LLC acquired a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,922 shares of the real estate investment trust's stock, valued at approximately $603,000.

Other hedge funds also recently bought and sold shares of the company. SouthState Corp grew its position 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 acquiring an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Welltower in the 1st quarter worth $27,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Welltower in the 1st quarter worth $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Welltower in the 1st quarter worth $28,000. Finally, Hughes Financial Services LLC purchased a new stake in shares of Welltower in the 1st quarter worth $31,000. Institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on WELL. Evercore ISI upped their target price on Welltower from $175.00 to $183.00 and gave the stock 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. Cantor Fitzgerald began coverage on Welltower in a report on Wednesday, October 1st. They issued an "overweight" rating and a $195.00 target price for the company. Wells Fargo & Company upped their target price on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Finally, UBS Group began coverage on Welltower in a report on Friday, September 19th. They issued a "buy" rating and a $195.00 target price for the company. One investment 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and a consensus target price of $180.69.

Welltower Trading Down 1.2%

Shares of NYSE WELL opened at $167.10 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a market capitalization of $111.76 billion, a P/E ratio of 94.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. Welltower Inc. has a 1-year low of $122.34 and a 1-year high of $180.40. The business has a fifty day moving average price of $168.60 and a 200 day moving average price of $157.26.

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

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.8%. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio is currently 167.23%.

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.

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