Callahan Advisors LLC Buys 1,675 Shares of Welltower Inc. $WELL

Key Points

• Callahan Advisors LLC increased its stake in Welltower Inc. by 3.9% during the second quarter, owning a total of 44,398 shares valued at approximately $6.83 million.
• Welltower reported a 39.6% increase in revenue year-over-year, generating $2.55 billion with earnings per share of $1.28, exceeding analysts' expectations of $1.22.
• The company recently raised its quarterly dividend from $0.67 to $0.74, representing an annualized yield of 1.7% despite a high payout ratio of 167.23%.

Callahan Advisors LLC boosted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,398 shares of the real estate investment trust's stock after acquiring an additional 1,675 shares during the period. Callahan Advisors LLC's holdings in Welltower were worth $6,825,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SouthState Corp boosted its holdings in Welltower by 704.8% in the first 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 in the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Welltower during the 1st quarter valued at $27,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower during the 1st quarter valued at $28,000. Hughes Financial Services LLC bought a new stake in shares of Welltower during the 1st quarter valued at $31,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Welltower during the 1st quarter valued at $32,000. Institutional investors own 94.80% of the company's stock.

Welltower Stock Performance

Shares of Welltower stock opened at $172.64 on Thursday. The stock has a market cap of $115.47 billion, a price-to-earnings ratio of 97.54, a PEG ratio of 1.91 and a beta of 0.92. The firm's 50-day moving average is $168.61 and its 200 day moving average is $157.76. Welltower Inc. has a 1 year low of $123.11 and a 1 year high of $180.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. The company 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%. Welltower's revenue was up 39.6% compared to the same quarter last year. 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. Sell-side analysts anticipate 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. Shareholders of record on Tuesday, August 12th were given a $0.74 dividend. This is a positive change from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a yield of 1.7%. Welltower's payout ratio is presently 167.23%.

Analyst Ratings Changes

A number of analysts have recently commented on WELL shares. Evercore ISI boosted their target price 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. Scotiabank boosted their target price on shares of Welltower from $181.00 to $182.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Wells Fargo & Company boosted their target price on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Weiss Ratings restated a "buy (b)" rating on shares of Welltower in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald started coverage on shares of Welltower in a report on Wednesday, October 1st. They set an "overweight" rating and a $195.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $180.69.

Welltower 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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