Welltower Inc. $WELL Shares Bought by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its position in shares of Welltower Inc. (NYSE:WELL) by 24.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,957 shares of the real estate investment trust’s stock after acquiring an additional 1,182 shares during the quarter. DAVENPORT & Co LLC’s holdings in Welltower were worth $916,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WELL. SouthState Corp raised its position in Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 148 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Welltower during the 1st quarter worth about $27,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Welltower during the 1st quarter worth about $28,000. Smallwood Wealth Investment Management LLC purchased a new position in Welltower during the first quarter worth about $28,000. Finally, Hughes Financial Services LLC purchased a new position in Welltower during the first quarter worth about $31,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Down 0.9%

Shares of NYSE:WELL opened at $165.84 on Friday. The company has a market capitalization of $110.92 billion, a PE ratio of 93.70, a P/E/G ratio of 1.89 and a beta of 0.92. 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 twelve month low of $123.11 and a twelve month high of $180.40. The firm has a 50 day simple moving average of $168.59 and a 200-day simple moving average of $157.38.

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

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. This is an increase from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower’s dividend payout ratio is 167.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group assumed coverage on shares of Welltower in a report on Friday, September 19th. They issued a “buy” rating and a $195.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of Welltower from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Scotiabank boosted their price target on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research note on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Welltower in a research note on Wednesday. Finally, Evercore ISI lifted their target price on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $180.69.

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.