Ashton Thomas Securities LLC Acquires Shares of 3,357 Welltower Inc. $WELL

Ashton Thomas Securities LLC acquired a new stake in Welltower Inc. (NYSE:WELL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,357 shares of the real estate investment trust’s stock, valued at approximately $516,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp grew its holdings in Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in Welltower in the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. bought a new stake in shares of Welltower during the 1st quarter valued at $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower during the 1st quarter valued at $28,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Welltower during the 1st quarter valued at $31,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

Welltower stock opened at $175.65 on Friday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $117.48 billion, a PE ratio of 99.24, a P/E/G ratio of 2.02 and a beta of 0.92. Welltower Inc. has a 12 month low of $122.34 and a 12 month high of $180.40. The stock has a 50-day moving average price of $167.78 and a two-hundred day moving average price of $156.47.

Welltower (NYSE:WELL) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business’s quarterly revenue was up 39.6% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. Welltower’s dividend payout ratio is 167.23%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WELL. UBS Group began coverage on Welltower in a research report on Friday, September 19th. They set a “buy” rating and a $195.00 target price for the company. KeyCorp raised their price objective on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. Scotiabank raised their price objective on Welltower from $172.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Evercore ISI raised their price objective on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Finally, Cantor Fitzgerald initiated coverage on Welltower in a research note on Wednesday. They issued an “overweight” rating and a $195.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $180.62.

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.