Fortis Capital Advisors LLC Makes New $602,000 Investment in Welltower Inc. $WELL

Key Points

• Fortis Capital Advisors LLC made a new investment of approximately $602,000 in Welltower Inc., acquiring 3,913 shares during the second quarter.
• Welltower reported a 39.6% increase in revenue year-over-year, achieving $2.55 billion for the quarter, alongside earnings per share of $1.28, exceeding estimates.
• Welltower recently increased its quarterly dividend to $0.74 per share, marking a positive change from its previous dividend of $0.67, with a current yield of 1.7%.

Fortis Capital Advisors LLC bought a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,913 shares of the real estate investment trust's stock, valued at approximately $602,000.

Other institutional investors also recently modified their holdings of the company. SouthState Corp boosted its stake in shares of 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 purchasing an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Welltower in the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. bought a new stake in shares of Welltower in the 1st quarter valued at $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower in the 1st quarter valued at $28,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Welltower in the 1st quarter valued at $31,000. 94.80% of the stock is owned by institutional investors.

Welltower Stock Down 0.1%

Shares of NYSE WELL opened at $175.35 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The company's fifty day simple moving average is $168.05 and its 200 day simple moving average is $156.70. Welltower Inc. has a 12-month low of $122.34 and a 12-month high of $180.40. The firm has a market cap of $117.28 billion, a PE ratio of 99.07, a P/E/G ratio of 1.97 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data 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 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 the consensus estimate of $2.49 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The business's revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.74 per share. The ex-dividend date was Tuesday, August 12th. This is a positive change from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 1.7%. Welltower's dividend payout ratio is currently 167.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WELL shares. Scotiabank upped their price objective on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Evercore ISI upped their price objective on shares of Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Wells Fargo & Company upped 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 note on Friday, September 19th. They set a "buy" rating and a $195.00 target price on the stock. Finally, Cantor Fitzgerald assumed coverage on shares of Welltower in a research note on Wednesday. They set an "overweight" rating and a $195.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and an average price target of $180.62.

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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