Welltower Inc. $WELL Shares Purchased by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its stake in Welltower Inc. by 43.1%, owning 14,574 shares valued at approximately $2.24 million after acquiring an additional 4,391 shares.
• Welltower reported $1.28 earnings per share in its latest quarter, exceeding analysts' expectations and marking a 39.6% increase in revenue year-over-year.
• The company has raised its quarterly dividend to $0.74 per share, reflecting a 10.4% increase from the previous dividend, resulting in an annualized basis of $2.96.

Sequoia Financial Advisors LLC boosted its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 43.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,574 shares of the real estate investment trust's stock after purchasing an additional 4,391 shares during the period. Sequoia Financial Advisors LLC's holdings in Welltower were worth $2,240,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SouthState Corp raised its stake in Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 148 shares during the period. Wealth Preservation Advisors LLC purchased a new position in Welltower during the first quarter worth about $27,000. Smallwood Wealth Investment Management LLC purchased a new position in Welltower during the first quarter worth about $28,000. Hughes Financial Services LLC purchased a new position in Welltower during the first quarter worth about $31,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Welltower during the first quarter worth about $32,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Up 1.9%

Shares of WELL stock opened at $172.64 on Thursday. 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 $115.47 billion, a P/E ratio of 97.54, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. The company has a 50 day moving average price of $168.61 and a 200 day moving average price of $157.76. Welltower Inc. has a fifty-two week low of $123.11 and a fifty-two week high of $180.40.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating 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 net margin of 12.18% and a return on equity of 3.38%. The business's quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

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

Analyst Ratings Changes

WELL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. UBS Group initiated coverage on shares of Welltower in a research report on Friday, September 19th. They issued a "buy" rating and a $195.00 target price on the stock. Evercore ISI upped their target price on shares of Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. Finally, KeyCorp upped their target price on shares of Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $180.69.

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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