Welltower Inc. $WELL Stock Position Raised by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Welltower Inc. by 40.1%, holding 15,085 shares valued at approximately $2.3 million after acquiring more shares in the second quarter.
• Welltower recently boosted its quarterly dividend to $0.74, up from $0.67, resulting in an annualized dividend of $2.96 with a yield of 1.7%.
• The company's stock performed well, posting earnings of $1.28 per share, exceeding analysts' expectations of $1.22, with revenue rising 39.6% year-over-year.

Envestnet Portfolio Solutions Inc. lifted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 40.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,085 shares of the real estate investment trust's stock after acquiring an additional 4,319 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Welltower were worth $2,319,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Oregon Public Employees Retirement Fund boosted its stake in shares of Welltower by 2.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 53,650 shares of the real estate investment trust's stock worth $8,248,000 after acquiring an additional 1,300 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Welltower by 43.1% in the second quarter. Sequoia Financial Advisors LLC now owns 14,574 shares of the real estate investment trust's stock valued at $2,240,000 after purchasing an additional 4,391 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Welltower by 2.1% in the second quarter. Yousif Capital Management LLC now owns 106,520 shares of the real estate investment trust's stock valued at $16,375,000 after purchasing an additional 2,240 shares in the last quarter. MGO One Seven LLC lifted its holdings in shares of Welltower by 3.0% in the second quarter. MGO One Seven LLC now owns 7,732 shares of the real estate investment trust's stock valued at $1,189,000 after purchasing an additional 222 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Welltower by 1.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 52,915 shares of the real estate investment trust's stock valued at $8,022,000 after purchasing an additional 790 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

NYSE WELL opened at $172.14 on Friday. Welltower Inc. has a fifty-two week low of $123.11 and a fifty-two week high of $180.40. The stock's 50-day moving average is $168.66 and its two-hundred day moving average is $157.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a market cap of $115.13 billion, a P/E ratio of 97.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last 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 anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on WELL. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Wells Fargo & Company increased their price objective on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Scotiabank increased their price objective on Welltower from $181.00 to $182.00 and gave the stock an "outperform" rating in a report on Monday, October 6th. KeyCorp increased their price objective on Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, September 23rd. Finally, Evercore ISI increased their price objective on Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and an average target price 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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