Fortis Capital Advisors LLC Makes New $602,000 Investment in Welltower Inc. $WELL

Fortis Capital Advisors LLC bought a new stake in Welltower Inc. (NYSE:WELL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,913 shares of the real estate investment trust’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of 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 purchasing an additional 9,678 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of 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 purchasing an additional 1,076,293 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Welltower in the first quarter valued at about $1,697,000. Beacon Financial Planning Inc. grew its position in Welltower by 6.8% during 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 during the period. Finally, Summit Trail Advisors LLC grew its position in Welltower by 61.4% during 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 during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WELL. Wells Fargo & Company increased their price target on shares of Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Weiss Ratings restated a “buy (b)” rating on shares of Welltower in a research report on Saturday, September 27th. Cantor Fitzgerald began coverage on shares of Welltower in a research report on Wednesday. They set an “overweight” rating and a $195.00 price target for the company. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Finally, KeyCorp increased their target price on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.62.

Welltower Price Performance

WELL stock opened at $175.35 on Friday. The firm has a 50 day moving average of $168.05 and a 200-day moving average of $156.70. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 12 month low of $122.34 and a 12 month high of $180.40. The firm has a market capitalization of $117.28 billion, a P/E ratio of 99.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92.

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

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a $0.74 dividend. This is an increase from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower’s payout ratio 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.