Summit Place Financial Advisors LLC Lowers Stock Position in Welltower Inc. $WELL

Summit Place Financial Advisors LLC lowered its position in shares of Welltower Inc. (NYSE:WELL) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,040 shares of the real estate investment trust’s stock after selling 170 shares during the quarter. Welltower comprises approximately 1.9% of Summit Place Financial Advisors LLC’s portfolio, making the stock its 19th biggest position. Summit Place Financial Advisors LLC’s holdings in Welltower were worth $3,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC lifted its position in Welltower by 3.9% during the first quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock valued at $39,536,000 after buying an additional 9,678 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its position in Welltower by 55.6% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock valued at $461,660,000 after buying an additional 1,076,293 shares during the period. Jump Financial LLC purchased a new position in Welltower during the first quarter valued at $1,697,000. Beacon Financial Planning Inc. raised its position in shares of Welltower by 6.8% in the 1st quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust’s stock worth $4,274,000 after purchasing an additional 1,780 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of Welltower by 61.4% in the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust’s stock worth $1,035,000 after purchasing an additional 2,571 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on WELL. UBS Group began 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. KeyCorp lifted their price target on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 23rd. Scotiabank lifted their price objective on Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday. Wells Fargo & Company lifted their price objective on Welltower from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Finally, Cantor Fitzgerald assumed coverage on Welltower in a report on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 price objective for the company. One 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.69.

Welltower Stock Down 0.9%

WELL stock opened at $165.84 on Friday. Welltower Inc. has a twelve month low of $123.11 and a twelve month high of $180.40. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The stock has a market cap of $110.92 billion, a P/E ratio of 93.70, a PEG ratio of 1.89 and a beta of 0.92. The business’s 50-day moving average price is $168.59 and its 200-day moving average price is $157.38.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share 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 firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business’s quarterly revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities research analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This is a positive change from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a dividend yield of 1.8%. 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.