IFP Advisors Inc Buys 1,117 Shares of Welltower Inc. $WELL

IFP Advisors Inc increased its stake in shares of Welltower Inc. (NYSE:WELL) by 45.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,561 shares of the real estate investment trust’s stock after purchasing an additional 1,117 shares during the quarter. IFP Advisors Inc’s holdings in Welltower were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WELL. SouthState Corp boosted its stake in Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in Welltower in the first quarter valued at approximately $27,000. Harbor Capital Advisors Inc. bought a new position in Welltower in the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC bought a new position in Welltower in the first quarter valued at approximately $28,000. Finally, Hughes Financial Services LLC bought a new position in Welltower in the first quarter valued at approximately $31,000. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 1.5%

Shares of NYSE:WELL opened at $169.32 on Wednesday. Welltower Inc. has a 12 month low of $123.11 and a 12 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 company’s fifty day simple moving average is $168.54 and its 200 day simple moving average is $157.66. The firm has a market cap of $113.24 billion, a price-to-earnings ratio of 95.66, a PEG ratio of 1.88 and a beta of 0.92.

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, topping 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 business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the business posted $1.05 earnings per share. The firm’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. As a group, research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio (DPR) is presently 167.23%.

Analyst Ratings Changes

A number of equities analysts have issued reports on WELL shares. UBS Group started coverage on shares of Welltower in a research note on Friday, September 19th. They issued a “buy” rating and a $195.00 price objective on the stock. Scotiabank increased their target price on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. Wells Fargo & Company increased their target price on shares of 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 shares of Welltower in a report on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average 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.