Cornerstone Wealth Group LLC Has $225,000 Position in Welltower Inc. $WELL

Cornerstone Wealth Group LLC raised its stake in shares of Welltower Inc. (NYSE:WELL) by 4.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,460 shares of the real estate investment trust’s stock after acquiring an additional 66 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Welltower were worth $225,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in WELL. Brighton Jones LLC lifted its holdings in Welltower by 7.1% during the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 279 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Welltower by 13.8% during the first quarter. GAMMA Investing LLC now owns 11,344 shares of the real estate investment trust’s stock worth $1,738,000 after buying an additional 1,380 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Welltower by 8.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust’s stock worth $20,147,000 after buying an additional 10,423 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Welltower in the first quarter valued at approximately $269,000. Finally, Ritholtz Wealth Management boosted its holdings in shares of Welltower by 165.2% in the 1st quarter. Ritholtz Wealth Management now owns 5,494 shares of the real estate investment trust’s stock worth $842,000 after acquiring an additional 3,422 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of WELL stock opened at $172.64 on Thursday. The firm has a market cap of $115.47 billion, a price-to-earnings ratio of 97.54, a PEG ratio of 1.91 and a beta of 0.92. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $180.40. 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 stock has a 50-day moving average price of $168.61 and a 200 day moving average price of $157.76.

Welltower (NYSE:WELL) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the firm earned $1.05 EPS. The company’s revenue for the quarter was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Research analysts expect that Welltower Inc. will post 4.88 EPS for the current 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 dividend of $0.74 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a yield of 1.7%. This is a boost from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio (DPR) is presently 167.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald initiated coverage on Welltower in a report on Wednesday, October 1st. They set an “overweight” rating and a $195.00 price target for the company. UBS Group assumed coverage on Welltower in a report on Friday, September 19th. They set a “buy” rating and a $195.00 target price on the stock. Wells Fargo & Company lifted their price target on Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Evercore ISI upped their price target on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Welltower in a research report on Wednesday, October 8th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.