Welltower Inc. $WELL Stake Lifted by Tuttle Capital Management LLC

Tuttle Capital Management LLC raised its holdings in Welltower Inc. (NYSE:WELL) by 15.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,969 shares of the real estate investment trust’s stock after purchasing an additional 648 shares during the quarter. Welltower comprises approximately 3.2% of Tuttle Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Tuttle Capital Management LLC’s holdings in Welltower were worth $764,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in 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 worth $3,261,792,000 after acquiring an additional 2,614,562 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 worth $1,367,226,000 after purchasing an additional 2,622,384 shares during the period. Northern Trust Corp grew its position in Welltower by 0.4% in the 1st 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 buying an additional 36,725 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Welltower by 7.0% in the 1st 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 valued at $1,250,935,000 after buying an additional 532,135 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 valued at $1,065,820,000 after buying an additional 877,856 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Up 1.5%

Welltower stock opened at $169.32 on Wednesday. Welltower Inc. has a fifty-two week low of $123.11 and a fifty-two week high of $180.40. The firm has a market capitalization of $113.24 billion, a price-to-earnings ratio of 95.66, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. The stock’s fifty day moving average is $168.54 and its two-hundred day moving average is $157.66. 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 issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 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 analysts’ expectations of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm’s revenue was up 39.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal 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 paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio is currently 167.23%.

Analysts Set New Price Targets

WELL has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Scotiabank lifted their price objective on Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Evercore ISI raised their price target on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Welltower in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.69.

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.