HB Wealth Management LLC Has $2.86 Million Position in Welltower Inc. $WELL

HB Wealth Management LLC lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 27.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,025 shares of the real estate investment trust’s stock after buying an additional 3,478 shares during the period. HB Wealth Management LLC’s holdings in Welltower were worth $2,855,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WELL. PDS Planning Inc raised its holdings in Welltower by 1.4% during the third quarter. PDS Planning Inc now owns 4,326 shares of the real estate investment trust’s stock worth $771,000 after acquiring an additional 59 shares in the last quarter. Values First Advisors Inc. grew its stake in Welltower by 1.0% in the third quarter. Values First Advisors Inc. now owns 6,229 shares of the real estate investment trust’s stock valued at $1,110,000 after purchasing an additional 62 shares in the last quarter. Zions Bancorporation National Association UT increased its position in shares of Welltower by 4.2% during the 2nd quarter. Zions Bancorporation National Association UT now owns 1,604 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 65 shares during the last quarter. Cornerstone Wealth Group LLC raised its stake in shares of Welltower by 4.7% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 66 shares in the last quarter. Finally, Natural Investments LLC boosted its holdings in shares of Welltower by 5.0% in the 3rd quarter. Natural Investments LLC now owns 1,410 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 67 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $186.12 on Friday. Welltower Inc. has a 52 week low of $123.11 and a 52 week high of $209.05. The company has a market capitalization of $127.74 billion, a price-to-earnings ratio of 128.36, a PEG ratio of 1.32 and a beta of 0.86. The company has a 50-day simple moving average of $192.61 and a 200 day simple moving average of $175.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47.

Welltower (NYSE:WELL) last issued 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. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Tuesday, November 11th were paid a $0.74 dividend. The ex-dividend date was Monday, November 10th. This represents a $2.96 annualized dividend and a yield of 1.6%. Welltower’s payout ratio is 204.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. National Bankshares set a $246.00 target price on shares of Welltower in a report on Friday, October 17th. UBS Group lowered their price objective on shares of Welltower from $232.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $204.00 target price on shares of Welltower in a research note on Monday. Evercore ISI lifted their price target on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Finally, KeyCorp boosted their price target on 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 assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.80.

About Welltower

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.