Iron Horse Wealth Management LLC Invests $68,000 in Welltower Inc. $WELL

Iron Horse Wealth Management LLC bought a new position in shares of Welltower Inc. (NYSE:WELL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 440 shares of the real estate investment trust’s stock, valued at approximately $68,000.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Welltower by 14.0% during the first 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 purchasing an additional 2,614,562 shares during the period. Price T Rowe Associates Inc. MD raised its position 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 raised its position in shares of Welltower by 0.4% during the first quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust’s stock worth $1,297,263,000 after purchasing an additional 36,725 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Welltower by 7.0% during the first 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 worth $1,250,935,000 after purchasing an additional 532,135 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Welltower by 14.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust’s stock worth $1,065,820,000 after purchasing an additional 877,856 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Down 0.1%

WELL stock opened at $175.35 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The company has a market capitalization of $117.28 billion, a price-to-earnings ratio of 99.07, a PEG ratio of 1.97 and a beta of 0.92. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $180.40. The stock has a fifty day moving average of $168.05 and a 200-day moving average of $156.70.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, equities research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio is currently 167.23%.

Analyst Ratings Changes

A number of equities research analysts recently commented on WELL shares. UBS Group started coverage on Welltower in a research report on Friday, September 19th. They issued a “buy” rating and a $195.00 price target for the company. Evercore ISI increased their price target on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. 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. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Finally, Scotiabank increased their price target on Welltower from $172.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. 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 given a Sell rating to the stock. According to MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $180.62.

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.