Drake & Associates LLC Grows Position in Welltower Inc. $WELL

Drake & Associates LLC boosted its stake in shares of Welltower Inc. (NYSE:WELL) by 45.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,245 shares of the real estate investment trust’s stock after acquiring an additional 6,029 shares during the period. Welltower accounts for 0.7% of Drake & Associates LLC’s portfolio, making the stock its 22nd largest holding. Drake & Associates LLC’s holdings in Welltower were worth $2,959,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Belpointe Asset Management LLC purchased a new position in shares of Welltower during the second quarter valued at about $603,000. Appleton Partners Inc. MA boosted its stake in Welltower by 9.6% during the second quarter. Appleton Partners Inc. MA now owns 89,430 shares of the real estate investment trust’s stock valued at $13,748,000 after buying an additional 7,800 shares during the last quarter. PUREfi Wealth LLC bought a new position in Welltower during the second quarter valued at approximately $279,000. Cullinan Associates Inc. grew its holdings in Welltower by 8.9% during the 2nd quarter. Cullinan Associates Inc. now owns 9,215 shares of the real estate investment trust’s stock valued at $1,417,000 after buying an additional 750 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in Welltower by 15.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,231 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.5%

WELL stock opened at $174.12 on Tuesday. Welltower Inc. has a twelve month low of $122.34 and a twelve month high of $180.40. The stock has a market capitalization of $116.46 billion, a price-to-earnings ratio of 98.37, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $168.37 and its two-hundred day simple moving average is $156.95.

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

Welltower Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WELL shares. Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. UBS Group initiated coverage on shares of Welltower in a research note on Friday, September 19th. They set a “buy” rating and a $195.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Welltower in a research report on Saturday, September 27th. Cantor Fitzgerald started coverage on shares of Welltower in a report on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 target price on the stock. Finally, Scotiabank upped their target price on shares of Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.69.

Welltower 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.