HBK Sorce Advisory LLC Purchases 153 Shares of Welltower Inc. $WELL

HBK Sorce Advisory LLC boosted its position in shares of Welltower Inc. (NYSE:WELL) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,279 shares of the real estate investment trust’s stock after purchasing an additional 153 shares during the period. HBK Sorce Advisory LLC’s holdings in Welltower were worth $504,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WELL. SouthState Corp increased its holdings in Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Welltower during the 1st quarter worth about $27,000. Hughes Financial Services LLC acquired a new position in shares of Welltower during the 1st quarter worth about $31,000. N.E.W. Advisory Services LLC acquired a new position in shares of Welltower during the 1st quarter worth about $32,000. Finally, WPG Advisers LLC acquired a new position in shares of Welltower during the 1st quarter worth about $34,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.1%

Shares of NYSE:WELL opened at $180.99 on Friday. Welltower Inc. has a 52-week low of $123.11 and a 52-week high of $189.53. The company has a market capitalization of $124.22 billion, a P/E ratio of 124.82, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The company has a 50-day simple moving average of $171.64 and a 200 day simple moving average of $160.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.19 and a current ratio of 5.47.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the business posted $1.11 EPS. Welltower’s revenue was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th will be given a dividend of $0.74 per share. The ex-dividend date is Monday, November 10th. This represents a $2.96 annualized dividend and a yield of 1.6%. Welltower’s dividend payout ratio (DPR) is 204.14%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WELL shares. UBS Group set a $203.00 price objective on shares of Welltower in a research note on Wednesday. Cantor Fitzgerald increased their price objective on shares of Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday. Scotiabank increased their price objective on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. KeyCorp increased their price objective on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.93.

Welltower Company 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.