Hardy Reed LLC Invests $242,000 in Welltower Inc. $WELL

Key Points

• Hardy Reed LLC invested approximately $242,000 in Welltower Inc., acquiring 1,573 shares in the second quarter.
• Welltower reported $1.28 EPS for Q2, exceeding analysts' expectations of $1.22, along with a revenue increase of 39.6% year-over-year.
• The company recently announced a quarterly dividend of $0.74 per share, up from the previous $0.67, reflecting a dividend payout ratio of 167.23%.

Hardy Reed LLC acquired a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,573 shares of the real estate investment trust's stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SouthState Corp raised its stake in shares of Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Welltower in the 1st quarter valued at approximately $27,000. Harbor Capital Advisors Inc. acquired a new position in Welltower in the first quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC bought a new position in Welltower during the first quarter valued at approximately $28,000. Finally, Hughes Financial Services LLC bought a new position in Welltower during the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Stock Down 0.5%

Welltower stock opened at $174.12 on Tuesday. 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 Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $180.40. The firm has a fifty day moving average price of $168.37 and a two-hundred day moving average price of $156.95. The firm has a market cap of $116.46 billion, a price-to-earnings ratio of 98.37, a P/E/G ratio of 1.97 and a beta of 0.92.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the firm posted $1.05 EPS. The company'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, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Welltower in a research report on Saturday, September 27th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Scotiabank increased their target price on shares of Welltower from $181.00 to $182.00 and gave the stock an "outperform" rating in a research report on Monday. Cantor Fitzgerald began coverage on Welltower in a report on Wednesday, October 1st. They set an "overweight" rating and a $195.00 target price on the stock. Finally, Evercore ISI boosted their price target on Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research 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 assigned a Sell rating to the company. According to MarketBeat.com, Welltower currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.69.

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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