Schneider Downs Wealth Management Advisors LP Acquires New Shares in Welltower Inc. $WELL

Key Points

• Schneider Downs Wealth Management Advisors LP has invested $239,000 in Welltower Inc., acquiring 1,562 shares during the first quarter.
• Welltower recently reported a 39.6% increase in quarterly revenue year-over-year, totaling $2.55 billion, and earnings per share (EPS) of $1.28, exceeding analyst forecasts.
• The company announced a dividend increase to $0.74, scheduled for payment on August 21st, raising its annualized dividend to $2.96.

Schneider Downs Wealth Management Advisors LP bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 1,562 shares of the real estate investment trust's stock, valued at approximately $239,000.

Several other large investors also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV boosted its stake in Welltower by 256.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 17,424 shares of the real estate investment trust's stock valued at $2,670,000 after purchasing an additional 12,530 shares during the last quarter. Ethic Inc. boosted its stake in Welltower by 21.5% during the 1st quarter. Ethic Inc. now owns 97,094 shares of the real estate investment trust's stock valued at $14,967,000 after purchasing an additional 17,177 shares during the last quarter. Aberdeen Group plc boosted its stake in Welltower by 12.0% during the 1st quarter. Aberdeen Group plc now owns 1,497,471 shares of the real estate investment trust's stock valued at $228,926,000 after purchasing an additional 160,264 shares during the last quarter. Horizon Investments LLC boosted its stake in Welltower by 10.5% during the 1st quarter. Horizon Investments LLC now owns 8,818 shares of the real estate investment trust's stock valued at $1,351,000 after purchasing an additional 840 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC boosted its stake in Welltower by 3.6% during the 1st quarter. Azimuth Capital Investment Management LLC now owns 56,254 shares of the real estate investment trust's stock valued at $8,619,000 after purchasing an additional 1,974 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction that occurred on Monday, June 30th. The stock was acquired at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI lifted their price target 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 Monday, June 23rd. Morgan Stanley lifted their price target on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company lifted their target price on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $173.10.

Welltower Stock Performance

Shares of NYSE:WELL traded up $0.1830 during mid-day trading on Thursday, reaching $166.1730. The company had a trading volume of 869,899 shares, compared to its average volume of 2,928,028. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The firm has a market cap of $111.14 billion, a price-to-earnings ratio of 93.88, a PEG ratio of 1.87 and a beta of 0.93. The company's 50-day moving average price is $158.70 and its 200-day moving average price is $151.98. Welltower Inc. has a one year low of $116.50 and a one year high of $171.09.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. Welltower's revenue was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be issued a $0.74 dividend. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. Welltower's 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.