Naviter Wealth LLC Acquires 4,922 Shares of Welltower Inc. $WELL

Naviter Wealth LLC increased its position in shares of Welltower Inc. (NYSE:WELL) by 12.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,021 shares of the real estate investment trust’s stock after buying an additional 4,922 shares during the quarter. Welltower accounts for about 0.8% of Naviter Wealth LLC’s portfolio, making the stock its 23rd biggest holding. Naviter Wealth LLC’s holdings in Welltower were worth $6,614,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WELL. Brighton Jones LLC grew its holdings in shares of Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 279 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Welltower during the first quarter worth about $28,000. GAMMA Investing LLC grew its holdings in shares of Welltower by 13.8% during the first quarter. GAMMA Investing LLC now owns 11,344 shares of the real estate investment trust’s stock worth $1,738,000 after buying an additional 1,380 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Welltower by 0.6% during the first quarter. Assenagon Asset Management S.A. now owns 21,064 shares of the real estate investment trust’s stock worth $3,227,000 after buying an additional 133 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in shares of Welltower by 12.3% during the first quarter. CVA Family Office LLC now owns 733 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 80 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WELL. 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. UBS Group initiated coverage on Welltower in a research report on Friday, September 19th. They set a “buy” rating and a $195.00 price target for the company. Scotiabank increased their price target on Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. KeyCorp increased their price target on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. Finally, Wells Fargo & Company increased their price target on Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. One investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $180.69.

Welltower Stock Performance

Shares of NYSE WELL opened at $166.68 on Tuesday. Welltower Inc. has a 52 week low of $123.11 and a 52 week high of $180.40. The stock has a market capitalization of $111.48 billion, a PE ratio of 94.17, a price-to-earnings-growth ratio of 1.87 and a beta of 0.92. The stock has a 50 day moving average price of $168.55 and a 200 day moving average price of $157.58. 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 (NYSE:WELL) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $2.49 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Analysts predict 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 given a $0.74 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. Welltower’s payout ratio is 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.