Ritholtz Wealth Management Has $1.07 Million Stock Position in Welltower Inc. $WELL

Key Points

• Ritholtz Wealth Management increased its stake in Welltower Inc. by 26.2%, now holding 6,934 shares valued at approximately $1.07 million.
• Welltower reported earnings of $1.28 per share for the quarter, exceeding analysts' expectations, with revenue increasing 39.6% year-over-year to $2.55 billion.
• The company declared a quarterly dividend of $0.74 per share, marking an increase from its previous dividend, with a current yield of 1.7%.

Ritholtz Wealth Management raised its stake in Welltower Inc. (NYSE:WELL - Free Report) by 26.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,934 shares of the real estate investment trust's stock after buying an additional 1,440 shares during the period. Ritholtz Wealth Management's holdings in Welltower were worth $1,066,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WELL. SouthState Corp boosted its position in Welltower by 704.8% in the first 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 bought a new position in shares of Welltower during the first quarter valued at $27,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Welltower during the first quarter valued at $28,000. Hughes Financial Services LLC bought a new position in shares of Welltower during the first quarter valued at $31,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Welltower during the first quarter valued at $32,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Price Performance

Shares of NYSE WELL opened at $175.33 on Friday. Welltower Inc. has a twelve month low of $123.11 and a twelve month high of $180.40. The firm has a fifty day simple moving average of $168.80 and a 200 day simple moving average of $158.04. The company has a market capitalization of $117.27 billion, a PE ratio of 99.06, a P/E/G ratio of 1.94 and a beta of 0.92. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44.

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

Welltower Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on WELL shares. Scotiabank raised their price target on shares of Welltower from $181.00 to $182.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. KeyCorp raised their price target on shares of Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Welltower in a research note on Wednesday, October 8th. UBS Group started coverage on shares of Welltower in a research note on Friday, September 19th. They set a "buy" rating and a $195.00 price target for the company. Finally, Cantor Fitzgerald started coverage on shares of Welltower in a research note on Wednesday, October 1st. They set an "overweight" rating and a $195.00 price target for the company. One equities 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $185.36.

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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