Turtle Creek Wealth Advisors LLC Buys Shares of 1,452 Welltower Inc. $WELL

Key Points

• Turtle Creek Wealth Advisors LLC acquired 1,452 shares of Welltower Inc. valued at approximately $223,000 during the second quarter, reflecting growing investment interest in the real estate investment trust.
• Welltower recently reported earnings of $1.28 EPS, exceeding analysts' expectations, and announced a quarterly dividend increase from $0.67 to $0.74, with an annualized yield of 1.7%.
• Several research firms have given Welltower a "buy" rating, with UBS Group setting a price target of $195.00, indicating strong analyst confidence in the stock's growth potential.

Turtle Creek Wealth Advisors LLC bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,452 shares of the real estate investment trust's stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC raised its position in Welltower by 4.7% in the second quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 66 shares during the period. Rise Advisors LLC increased its position in shares of Welltower by 23.3% during the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 69 shares during the period. Sound View Wealth Advisors Group LLC increased its position in shares of Welltower by 2.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after acquiring an additional 73 shares during the period. SJS Investment Consulting Inc. increased its position in shares of Welltower by 7.8% during the second quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust's stock worth $155,000 after acquiring an additional 73 shares during the period. Finally, Premier Path Wealth Partners LLC increased its position in shares of Welltower by 1.8% during the first quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock worth $678,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Price Performance

Shares of NYSE:WELL opened at $175.33 on Friday. The company has a 50-day simple moving average of $168.80 and a 200-day simple moving average of $158.04. Welltower Inc. has a one year low of $123.11 and a one year high of $180.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a market capitalization of $117.27 billion, a price-to-earnings ratio of 99.06, a PEG ratio of 1.94 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating 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 analysts' expectations of $2.49 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The business's revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were given a $0.74 dividend. The ex-dividend date 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 yield of 1.7%. Welltower's payout ratio is 167.23%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WELL. UBS Group began coverage on Welltower in a research report on Friday, September 19th. They set a "buy" rating and a $195.00 price objective on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Welltower in a research report on Wednesday, October 8th. Cantor Fitzgerald began coverage on Welltower in a research report on Wednesday, October 1st. They set an "overweight" rating and a $195.00 price objective on the stock. National Bankshares set a $246.00 price objective on Welltower in a research report on Friday. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and an average price target of $185.36.

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.

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