Phoenix Financial Ltd. Takes Position in Welltower Inc. $WELL

Key Points

• Phoenix Financial Ltd. has acquired a new stake in Welltower Inc., purchasing 8,547 shares valued at approximately $1.31 million during the 2nd quarter.
• Welltower's quarterly earnings beat analysts' expectations with $1.28 earnings per share, and its revenue increased by 39.6% year-over-year.
• Welltower recently increased its quarterly dividend from $0.67 to $0.74, representing a 1.7% yield and a payout ratio of 167.23%.

Phoenix Financial Ltd. acquired a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,547 shares of the real estate investment trust's stock, valued at approximately $1,313,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock worth $527,000 after purchasing an additional 279 shares during the last quarter. GAMMA Investing LLC lifted its stake in Welltower by 13.8% during the first quarter. GAMMA Investing LLC now owns 11,344 shares of the real estate investment trust's stock worth $1,738,000 after purchasing an additional 1,380 shares during the last quarter. Blue Trust Inc. lifted its stake in Welltower by 83.8% during the first quarter. Blue Trust Inc. now owns 1,757 shares of the real estate investment trust's stock worth $269,000 after purchasing an additional 801 shares during the last quarter. Advisor Resource Council purchased a new stake in Welltower during the first quarter worth approximately $274,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Welltower during the first quarter worth approximately $223,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on WELL. Scotiabank boosted their target price on Welltower from $181.00 to $182.00 and gave the stock an "outperform" rating in a research note on Monday, October 6th. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Wells Fargo & Company boosted their target price on Welltower from $185.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday. KeyCorp boosted their target price on Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Welltower in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $186.43.

Welltower Price Performance

Shares of NYSE WELL opened at $175.12 on Wednesday. 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 twelve month low of $123.11 and a twelve month high of $180.40. The stock has a 50 day moving average of $169.21 and a two-hundred day moving average of $158.47. The stock has a market cap of $117.13 billion, a P/E ratio of 98.94, a P/E/G ratio of 1.99 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm's revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, research 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. Stockholders of record on Tuesday, August 12th were issued a $0.74 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This is an increase from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.7%. Welltower's dividend payout ratio is presently 167.23%.

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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