Welltower Inc. $WELL Position Boosted by Sigma Planning Corp

Sigma Planning Corp lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,691 shares of the real estate investment trust’s stock after purchasing an additional 700 shares during the period. Sigma Planning Corp’s holdings in Welltower were worth $1,490,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. State of Michigan Retirement System lifted its position in shares of Welltower by 2.2% during the second quarter. State of Michigan Retirement System now owns 168,909 shares of the real estate investment trust’s stock worth $25,966,000 after purchasing an additional 3,600 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in shares of Welltower during the second quarter worth about $424,000. Longbow Finance SA bought a new position in shares of Welltower during the second quarter worth about $9,054,000. Wolverine Asset Management LLC lifted its position in shares of Welltower by 420.5% during the second quarter. Wolverine Asset Management LLC now owns 6,767 shares of the real estate investment trust’s stock worth $1,040,000 after purchasing an additional 5,467 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its position in shares of Welltower by 558.8% during the second quarter. Simon Quick Advisors LLC now owns 18,341 shares of the real estate investment trust’s stock worth $2,819,000 after purchasing an additional 15,557 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WELL. Cantor Fitzgerald increased their price target on shares of Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Scotiabank raised 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. Weiss Ratings reissued a “buy (b)” rating on shares of Welltower in a report on Wednesday, October 8th. KeyCorp raised their target price on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. Finally, Evercore ISI raised their target price on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.93.

Welltower Price Performance

Shares of NYSE:WELL opened at $186.52 on Thursday. The firm’s 50 day moving average is $172.73 and its two-hundred day moving average is $161.50. Welltower Inc. has a 52 week low of $123.11 and a 52 week high of $189.53. The firm has a market capitalization of $128.01 billion, a P/E ratio of 128.63, a PEG ratio of 1.93 and a beta of 0.92. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 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 company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business earned $1.11 earnings per share. Welltower’s revenue was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

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

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.