Welltower Inc. $WELL Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its position in shares of Welltower Inc. (NYSE:WELL) by 19.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,886 shares of the real estate investment trust’s stock after purchasing an additional 2,697 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Welltower were worth $2,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have 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 valued at $26,000 after buying an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Welltower during the first quarter valued at approximately $27,000. Harbor Capital Advisors Inc. acquired a new stake in Welltower during the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in Welltower during the first quarter valued at approximately $28,000. Finally, Hughes Financial Services LLC acquired a new stake in Welltower during the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group assumed coverage on Welltower in a report on Friday, September 19th. They set a “buy” rating and a $195.00 target price for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. Evercore ISI upped their target price on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. KeyCorp upped their target price on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Finally, Cantor Fitzgerald assumed coverage on Welltower in a report on Wednesday, October 1st. They set an “overweight” rating and a $195.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $180.69.

Welltower Stock Performance

Shares of WELL stock opened at $165.84 on Friday. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $180.40. The firm has a market capitalization of $110.92 billion, a price-to-earnings ratio of 93.70, a price-to-earnings-growth ratio of 1.87 and a beta of 0.92. The business has a 50 day simple moving average of $168.59 and a 200 day simple moving average of $157.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19.

Welltower (NYSE:WELL) last issued its quarterly earnings data 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 business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter 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, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. 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.