Bleakley Financial Group LLC Increases Stock Position in Welltower Inc. $WELL

Bleakley Financial Group LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 14.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,513 shares of the real estate investment trust's stock after acquiring an additional 2,664 shares during the quarter. Bleakley Financial Group LLC's holdings in Welltower were worth $3,307,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SouthState Corp raised its stake in shares of Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Welltower during the first quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower during the first quarter worth approximately $28,000. Hughes Financial Services LLC purchased a new position in shares of Welltower during the first quarter worth approximately $31,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Welltower during the first quarter worth approximately $32,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of WELL stock opened at $176.27 on Friday. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $180.40. The stock has a market cap of $117.90 billion, a PE ratio of 99.59, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. 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's fifty day moving average price is $169.75 and its 200-day moving average price is $158.85.

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

Welltower Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WELL. Weiss Ratings restated a "buy (b)" rating on shares of Welltower in a report on Wednesday, October 8th. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Scotiabank raised their target price on shares of Welltower from $181.00 to $182.00 and gave the stock an "outperform" rating in a report on Monday, October 6th. Wells Fargo & Company raised their target price on shares of Welltower from $185.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Evercore ISI lifted their price target 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. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $186.43.

Welltower Company Profile

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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