Financial Perspectives Inc Has $44,000 Holdings in Welltower Inc. $WELL

Financial Perspectives Inc reduced its position in Welltower Inc. (NYSE:WELL) by 20.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 284 shares of the real estate investment trust’s stock after selling 75 shares during the period. Financial Perspectives Inc’s holdings in Welltower were worth $44,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WELL. Brighton Jones LLC increased its position in Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after purchasing an additional 279 shares during the last quarter. GAMMA Investing LLC increased its position in Welltower by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 11,344 shares of the real estate investment trust’s stock worth $1,738,000 after purchasing an additional 1,380 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Welltower by 8.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust’s stock worth $20,147,000 after purchasing an additional 10,423 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Welltower in the 1st quarter worth about $226,000. Finally, CWA Asset Management Group LLC acquired a new position in Welltower in the 1st quarter worth about $244,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

WELL opened at $175.33 on Monday. The firm has a market capitalization of $117.27 billion, a P/E ratio of 99.06, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. The stock’s 50 day moving average price is $168.80 and its two-hundred day moving average price is $158.11. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $180.40.

Welltower (NYSE:WELL) last released its earnings results 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. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company’s revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders 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 dividend yield of 1.7%. This is an increase from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio is 167.23%.

Analysts Set New Price Targets

WELL has been the topic of several research reports. Scotiabank upped their target price on Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. KeyCorp increased their price objective on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Wells Fargo & Company increased their price objective on Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Evercore ISI increased their price objective on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Finally, Cantor Fitzgerald initiated coverage on Welltower in a report on Wednesday, October 1st. They set an “overweight” rating and a $195.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.36.

Welltower Company Profile

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.