Turtle Creek Wealth Advisors LLC Acquires New Position in Welltower Inc. $WELL

Turtle Creek Wealth Advisors LLC acquired a new stake in Welltower Inc. (NYSE:WELL) in the second quarter, HoldingsChannel.com reports. The fund acquired 1,452 shares of the real estate investment trust’s stock, valued at approximately $223,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in Welltower by 3.9% in the first quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock valued at $39,536,000 after buying an additional 9,678 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in Welltower by 55.6% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock valued at $461,660,000 after buying an additional 1,076,293 shares in the last quarter. Jump Financial LLC purchased a new position in Welltower in the first quarter valued at about $1,697,000. Beacon Financial Planning Inc. increased its holdings in Welltower by 6.8% in the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust’s stock valued at $4,274,000 after buying an additional 1,780 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in Welltower by 61.4% in the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust’s stock valued at $1,035,000 after buying an additional 2,571 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. KeyCorp increased their target price on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. 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 for the company. Scotiabank increased their target price on shares of Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, October 6th. National Bankshares set a $246.00 price target on shares of Welltower in a research report on Friday. Finally, UBS Group started coverage on shares of Welltower in a research report on Friday, September 19th. They issued a “buy” rating and a $195.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $185.36.

Welltower Stock Up 1.9%

Shares of NYSE WELL opened at $175.33 on Friday. Welltower Inc. has a 1 year low of $123.11 and a 1 year high of $180.40. The firm’s 50 day moving average price is $168.80 and its 200 day moving average price is $158.04. The firm has a market cap of $117.27 billion, a P/E ratio of 99.06, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (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 firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business earned $1.05 earnings per share. Welltower’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. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

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

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.