Family Wealth Partners LLC Acquires Shares of 2,104 Welltower Inc. $WELL

Key Points

• Family Wealth Partners LLC has acquired 2,104 shares of Welltower Inc., valued at approximately $323,000, demonstrating growing interest in the real estate investment trust sector.
• A number of analysts have raised their price targets on Welltower stock, with a consensus average rating of "Moderate Buy" and an average target price of $177.55.
• Welltower recently increased its quarterly dividend from $0.67 to $0.74 per share, representing an annualized yield of 1.8%.

Family Wealth Partners LLC acquired a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,104 shares of the real estate investment trust's stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Good Life Advisors LLC boosted its stake in Welltower by 1.2% in the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock valued at $880,000 after acquiring an additional 69 shares during the last quarter. Rise Advisors LLC boosted its stake in Welltower by 23.3% in the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 69 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Welltower by 4.3% in the first quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock valued at $273,000 after acquiring an additional 73 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its stake in Welltower by 2.0% in the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock valued at $558,000 after acquiring an additional 73 shares during the last quarter. Finally, Premier Path Wealth Partners LLC boosted its stake in Welltower by 1.8% in the first quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock valued at $678,000 after acquiring an additional 77 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WELL shares. Wells Fargo & Company raised their price objective on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. UBS Group assumed coverage on shares of Welltower in a research report on Friday. They set a "buy" rating and a $195.00 price target on the stock. Evercore ISI lifted their price target on shares of Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. Finally, Scotiabank lifted their price target on shares of Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $177.55.

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach acquired 20,000 shares of the stock in a transaction dated Monday, June 30th. The shares were bought at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director directly owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Welltower Stock Up 1.5%

Shares of WELL stock opened at $167.63 on Tuesday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 1 year low of $122.34 and a 1 year high of $171.09. The firm's fifty day moving average price is $165.30 and its two-hundred day moving average price is $155.06. The firm has a market capitalization of $112.12 billion, a P/E ratio of 94.71, a PEG ratio of 1.86 and a beta of 0.93.

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

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.74 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 annualized dividend and a dividend yield of 1.8%. This is a boost from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio (DPR) is presently 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.

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL - Free Report).

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.