Concurrent Investment Advisors LLC Boosts Stock Holdings in Welltower Inc. $WELL

Concurrent Investment Advisors LLC raised its holdings in Welltower Inc. (NYSE:WELL) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,725 shares of the real estate investment trust’s stock after acquiring an additional 193 shares during the period. Concurrent Investment Advisors LLC’s holdings in Welltower were worth $3,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Apollon Wealth Management LLC increased its stake in shares of Welltower by 3.8% in the second quarter. Apollon Wealth Management LLC now owns 5,775 shares of the real estate investment trust’s stock worth $888,000 after purchasing an additional 211 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Welltower by 19.0% during the second quarter. Fifth Third Wealth Advisors LLC now owns 16,886 shares of the real estate investment trust’s stock valued at $2,596,000 after acquiring an additional 2,697 shares in the last quarter. Inspire Investing LLC grew its stake in Welltower by 16.4% during the second quarter. Inspire Investing LLC now owns 68,748 shares of the real estate investment trust’s stock valued at $10,569,000 after acquiring an additional 9,686 shares in the last quarter. Aberdeen Group plc grew its stake in Welltower by 5.4% during the second quarter. Aberdeen Group plc now owns 1,579,011 shares of the real estate investment trust’s stock valued at $239,362,000 after acquiring an additional 81,540 shares in the last quarter. Finally, PDS Planning Inc grew its stake in Welltower by 15.4% during the second quarter. PDS Planning Inc now owns 4,267 shares of the real estate investment trust’s stock valued at $656,000 after acquiring an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.4%

NYSE:WELL opened at $166.68 on Tuesday. The company has a fifty day moving average of $168.55 and a 200 day moving average of $157.58. Welltower Inc. has a 52 week low of $123.11 and a 52 week 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 firm has a market capitalization of $111.48 billion, a P/E ratio of 94.17, a P/E/G ratio of 1.87 and a beta of 0.92.

Welltower (NYSE:WELL) last posted its quarterly earnings results 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. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the business posted $1.05 EPS. The firm’s revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, 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. Investors of record on Tuesday, August 12th were issued a dividend of $0.74 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. This is an increase from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio (DPR) is currently 167.23%.

Wall Street Analyst Weigh In

WELL has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. KeyCorp boosted their price objective 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. Cantor Fitzgerald initiated coverage on shares of Welltower in a research report on Wednesday, October 1st. They set an “overweight” rating and a $195.00 target price for the company. Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Finally, Evercore ISI lifted their target price on shares of Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. One investment 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 issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.69.

Welltower 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.