Welltower Inc. $WELL Shares Bought by Spire Wealth Management

Spire Wealth Management lifted its holdings in Welltower Inc. (NYSE:WELL) by 2,516.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,186 shares of the real estate investment trust’s stock after buying an additional 4,026 shares during the quarter. Spire Wealth Management’s holdings in Welltower were worth $746,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WELL. Global Wealth Strategies & Associates acquired a new position in Welltower in the third quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Welltower by 39.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 87 shares during the last quarter. Copia Wealth Management acquired a new position in Welltower during the 2nd quarter valued at approximately $51,000. NewSquare Capital LLC grew its stake in Welltower by 30.2% during the 2nd quarter. NewSquare Capital LLC now owns 362 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 84 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new position in Welltower during the 3rd quarter worth $59,000. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WELL. Jefferies Financial Group reissued a “buy” rating and set a $231.00 price target on shares of Welltower in a report on Monday, December 15th. National Bankshares set a $246.00 price objective on shares of Welltower in a research report on Friday, October 17th. UBS Group dropped their price target on shares of Welltower from $232.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley boosted their price objective on Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, Evercore ISI increased their price objective on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Trading Down 0.1%

Welltower stock opened at $186.12 on Friday. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $209.05. The stock has a market capitalization of $127.74 billion, a PE ratio of 128.36, a price-to-earnings-growth ratio of 1.31 and a beta of 0.86. The firm has a 50 day simple moving average of $192.61 and a 200-day simple moving average of $175.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the firm posted $1.11 earnings per share. The firm’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. As a group, equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Tuesday, November 11th were issued 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 of this dividend was Monday, November 10th. Welltower’s payout ratio is presently 204.14%.

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.