7,719 Shares in Welltower Inc. $WELL Bought by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors LLC acquired 7,719 shares of Welltower Inc., valuing the investment at approximately $1,183,000 in the first quarter.
• Welltower recently declared a quarterly dividend of $0.74 per share, up from the previous $0.67, representing an annualized yield of 1.8%.
• Analysts' ratings for Welltower vary, with the majority giving a Moderate Buy consensus and an average price target of $173.10.

Sax Wealth Advisors LLC purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,719 shares of the real estate investment trust's stock, valued at approximately $1,183,000.

Several other large investors have also made changes to their positions in the company. APG Asset Management US Inc. raised its position in shares of Welltower by 6.2% in the 1st quarter. APG Asset Management US Inc. now owns 1,420,826 shares of the real estate investment trust's stock worth $219,020,000 after buying an additional 82,709 shares during the period. AlphaQuest LLC purchased a new position in shares of Welltower in the 1st quarter worth $904,000. Allstate Corp raised its position in shares of Welltower by 8.0% in the 1st quarter. Allstate Corp now owns 36,241 shares of the real estate investment trust's stock worth $5,552,000 after buying an additional 2,669 shares during the period. 1832 Asset Management L.P. raised its position in shares of Welltower by 111.8% in the 1st quarter. 1832 Asset Management L.P. now owns 420,387 shares of the real estate investment trust's stock worth $64,407,000 after buying an additional 221,876 shares during the period. Finally, Compound Planning Inc. raised its position in shares of Welltower by 12.9% in the 1st quarter. Compound Planning Inc. now owns 6,359 shares of the real estate investment trust's stock worth $974,000 after buying an additional 725 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Welltower

In related news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares of the company's stock, valued at $3,029,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company's stock.

Welltower Stock Performance

WELL stock traded down $0.35 during midday trading on Thursday, reaching $167.40. The company had a trading volume of 1,997,062 shares, compared to its average volume of 2,911,981. 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 stock has a 50 day moving average price of $160.11 and a 200 day moving average price of $152.83. The firm has a market capitalization of $111.96 billion, a PE ratio of 94.58, a P/E/G ratio of 1.87 and a beta of 0.93. Welltower Inc. has a fifty-two week low of $119.93 and a fifty-two week high of $171.09.

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 (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business's revenue was up 39.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is currently 167.23%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley increased their target price on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wells Fargo & Company increased their target price on Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday. Evercore ISI increased their target price on Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Scotiabank reiterated an "outperform" rating on shares of Welltower in a research note on Thursday. Finally, Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $175.00.

Welltower 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.