Focus Partners Wealth Increases Stake in Welltower Inc. $WELL

Key Points

• Focus Partners Wealth increased its stake in Welltower Inc. by 5.8% during Q1, now owning 39,033 shares valued at approximately $5.98 million.
• Welltower recently reported earnings per share of $1.28, surpassing estimates, with revenue growth of 39.6% year-over-year.
• The company announced a quarterly dividend of $0.74 per share, raising its annualized dividend to $2.96 and reflecting a yield of 1.8%.

Focus Partners Wealth raised its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,033 shares of the real estate investment trust's stock after buying an additional 2,128 shares during the quarter. Focus Partners Wealth's holdings in Welltower were worth $5,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in WELL. SouthState Corp grew its holdings in Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Welltower in the first quarter valued at $27,000. Harbor Capital Advisors Inc. purchased a new position in shares of Welltower in the first quarter valued at $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower in the first quarter valued at $28,000. Finally, Hughes Financial Services LLC purchased a new position in shares of Welltower in the first quarter valued at $31,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Up 0.4%

NYSE:WELL opened at $169.09 on Monday. Welltower Inc. has a twelve month low of $122.34 and a twelve month high of $171.09. The company has a market cap of $113.09 billion, a price-to-earnings ratio of 95.53, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The stock has a fifty day simple moving average of $163.79 and a 200-day simple moving average of $154.47. 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 (NYSE:WELL - Get Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the company earned $1.05 earnings per share. The business's revenue for the quarter was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on WELL. Wells Fargo & Company raised 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. Scotiabank raised their target price on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Finally, Evercore ISI raised their target price on shares of Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $175.00.

Insider Buying and Selling at Welltower

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was acquired at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company's stock.

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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