Welltower Inc. $WELL Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC raised its position in shares of Welltower Inc. (NYSE:WELL) by 2.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,547 shares of the real estate investment trust’s stock after purchasing an additional 256 shares during the quarter. HB Wealth Management LLC’s holdings in Welltower were worth $1,929,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Welltower by 14.0% during the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock valued at $3,261,792,000 after acquiring an additional 2,614,562 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Welltower by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock valued at $1,367,226,000 after purchasing an additional 2,622,384 shares during the last quarter. Northern Trust Corp increased its stake in Welltower by 0.4% during the first quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust’s stock valued at $1,297,263,000 after purchasing an additional 36,725 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Welltower by 7.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust’s stock worth $1,250,935,000 after purchasing an additional 532,135 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Welltower by 14.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust’s stock worth $1,065,820,000 after buying an additional 877,856 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WELL shares. Evercore ISI boosted their price objective 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. KeyCorp lifted their target price on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Scotiabank raised their price target on Welltower from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, Wells Fargo & Company upped their price objective on Welltower from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and an average target price of $180.62.

Welltower Stock Performance

Shares of WELL stock opened at $175.65 on Friday. Welltower Inc. has a 12-month low of $122.34 and a 12-month high of $180.40. 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 capitalization of $117.48 billion, a price-to-earnings ratio of 99.24, a price-to-earnings-growth ratio of 2.02 and a beta of 0.92. The business has a 50 day simple moving average of $167.78 and a 200 day simple moving average of $156.47.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The business also recently announced 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 represents a $2.96 dividend on an annualized basis and a yield of 1.7%. This is a boost from Welltower’s previous quarterly dividend of $0.67. Welltower’s payout ratio is currently 167.23%.

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.