Pinnacle Wealth Planning Services Inc. Purchases 938 Shares of Welltower Inc. $WELL

Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 42.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,172 shares of the real estate investment trust’s stock after purchasing an additional 938 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Welltower were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Welltower by 7.1% in the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 279 shares during the period. IFP Advisors Inc increased its stake in shares of Welltower by 71.3% in the 1st quarter. IFP Advisors Inc now owns 2,444 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 1,017 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Welltower by 198.6% in the 1st quarter. J.W. Cole Advisors Inc. now owns 11,310 shares of the real estate investment trust’s stock worth $1,733,000 after purchasing an additional 7,522 shares during the period. Lindbrook Capital LLC lifted its position in Welltower by 6.2% during the first quarter. Lindbrook Capital LLC now owns 2,717 shares of the real estate investment trust’s stock valued at $416,000 after purchasing an additional 158 shares in the last quarter. Finally, Wealth Alliance LLC grew its holdings in Welltower by 8.4% during the first quarter. Wealth Alliance LLC now owns 2,052 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 159 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Welltower stock opened at $198.55 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.19 and a current ratio of 5.47. The company has a market capitalization of $136.27 billion, a PE ratio of 136.93, a P/E/G ratio of 1.93 and a beta of 0.92. The company has a 50 day moving average price of $177.17 and a 200-day moving average price of $164.38. Welltower Inc. has a fifty-two week low of $123.11 and a fifty-two week high of $200.64.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.Welltower’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Tuesday, November 11th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, November 10th. Welltower’s payout ratio is presently 204.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. National Bankshares set a $246.00 price objective on Welltower in a research note on Friday, October 17th. Wells Fargo & Company upped their price target on Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Scotiabank raised their price objective on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research report on Thursday, November 13th. KeyCorp raised 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. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $190.07.

Welltower Company 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.