Purkiss Capital Advisors LLC Purchases 4,010 Shares of Welltower Inc. $WELL

Purkiss Capital Advisors LLC raised its position in shares of Welltower Inc. (NYSE:WELL) by 135.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,960 shares of the real estate investment trust’s stock after acquiring an additional 4,010 shares during the period. Purkiss Capital Advisors LLC’s holdings in Welltower were worth $1,070,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Group LLC grew its position in Welltower by 4.7% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 66 shares during the last quarter. Rise Advisors LLC raised its position in Welltower by 23.3% in the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 69 shares during the last quarter. Orion Capital Management LLC boosted its stake in Welltower by 5.6% in the second quarter. Orion Capital Management LLC now owns 1,362 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 72 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in shares of Welltower by 2.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust’s stock worth $558,000 after purchasing an additional 73 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Welltower by 7.8% during the second quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Welltower in a report on Wednesday, October 8th. Cantor Fitzgerald began coverage on shares of Welltower in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 price objective for the company. Scotiabank boosted their target price on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. KeyCorp increased their price target on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. Finally, National Bankshares set a $246.00 price target on shares of Welltower in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $186.43.

Welltower Stock Performance

Shares of NYSE:WELL opened at $182.56 on Tuesday. The stock has a market capitalization of $122.10 billion, a P/E ratio of 103.14, a P/E/G ratio of 1.99 and a beta of 0.92. Welltower Inc. has a 1-year low of $123.11 and a 1-year high of $182.87. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $170.45 and a two-hundred day moving average price of $159.71.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.04. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm earned $1.11 EPS. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, November 11th. 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.