SteelPeak Wealth LLC Invests $3.09 Million in Welltower Inc. $WELL

SteelPeak Wealth LLC bought a new stake in Welltower Inc. (NYSE:WELL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,330 shares of the real estate investment trust’s stock, valued at approximately $3,087,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Discipline Wealth Solutions LLC purchased a new position in shares of Welltower in the 3rd quarter worth about $342,000. Silver Oak Securities Incorporated increased its position in Welltower by 68.9% during the 3rd quarter. Silver Oak Securities Incorporated now owns 2,730 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 1,114 shares in the last quarter. Generali Asset Management SPA SGR increased its position in Welltower by 2.8% during the 3rd quarter. Generali Asset Management SPA SGR now owns 30,781 shares of the real estate investment trust’s stock worth $5,483,000 after purchasing an additional 843 shares in the last quarter. Golden State Equity Partners raised its holdings in Welltower by 6.9% in the third quarter. Golden State Equity Partners now owns 2,363 shares of the real estate investment trust’s stock valued at $421,000 after buying an additional 152 shares during the period. Finally, True Wealth Design LLC lifted its position in Welltower by 2,231.3% during the third quarter. True Wealth Design LLC now owns 373 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 357 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

WELL has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Scotiabank upped their price target on shares of Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Evercore ISI increased their price target on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Cantor Fitzgerald boosted their price objective on Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $204.80.

Welltower Price Performance

WELL opened at $186.93 on Friday. Welltower Inc. has a twelve month low of $123.11 and a twelve month high of $209.05. The firm has a market cap of $128.30 billion, a price-to-earnings ratio of 128.92, a PEG ratio of 1.28 and a beta of 0.84. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $192.08 and a 200 day simple moving average of $174.27.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

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

Welltower Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.