Welltower Inc. $WELL Shares Bought by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in Welltower Inc. by 5.1% in Q2, owning a total of 115,569 shares valued at approximately $17.77 million.
• Welltower reported earnings of $1.28 per share for the last quarter, exceeding analysts' expectations, and its revenue reached $2.55 billion, up 39.6% year-over-year.
• The company announced a new quarterly dividend of $0.74 per share, an increase from its previous dividend of $0.67, representing a yield of 1.7%.

Knights of Columbus Asset Advisors LLC lifted its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,569 shares of the real estate investment trust's stock after buying an additional 5,636 shares during the quarter. Welltower makes up 1.1% of Knights of Columbus Asset Advisors LLC's investment portfolio, making the stock its 15th largest position. Knights of Columbus Asset Advisors LLC's holdings in Welltower were worth $17,766,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Good Life Advisors LLC lifted its stake in shares of Welltower by 1.2% during the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after purchasing an additional 69 shares during the period. Rise Advisors LLC increased its stake in Welltower by 23.3% in the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 69 shares during the last quarter. Sivia Capital Partners LLC lifted its position in Welltower by 4.3% during the first quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock worth $273,000 after buying an additional 73 shares during the period. Sound View Wealth Advisors Group LLC boosted its stake in Welltower by 2.0% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after buying an additional 73 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in Welltower by 7.8% in the 2nd quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust's stock valued at $155,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Price Performance

WELL stock opened at $175.35 on Monday. The firm has a market cap of $117.28 billion, a P/E ratio of 99.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. Welltower Inc. has a 1 year low of $122.34 and a 1 year high of $180.40. The stock has a 50-day simple moving average of $168.05 and a 200-day simple moving average of $156.76.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly 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. The firm 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%.Welltower's quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. KeyCorp increased their price target on shares of Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 23rd. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. UBS Group initiated coverage on Welltower in a report on Friday, September 19th. They set a "buy" rating and a $195.00 price objective for the company. Finally, Cantor Fitzgerald started coverage on Welltower in a report on Wednesday. They issued an "overweight" rating and a $195.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $180.62.

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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