Moran Wealth Management LLC Buys 913 Shares of Welltower Inc. $WELL

Moran Wealth Management LLC lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 37.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,367 shares of the real estate investment trust’s stock after acquiring an additional 913 shares during the period. Moran Wealth Management LLC’s holdings in Welltower were worth $518,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SouthState Corp increased its position in shares of Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Welltower during the first quarter worth $27,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower during the first quarter worth $28,000. Hughes Financial Services LLC bought a new stake in shares of Welltower during the first quarter worth $31,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Welltower during the first quarter worth $32,000. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on WELL shares. Evercore ISI boosted 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. KeyCorp lifted their target price on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. UBS Group started coverage on Welltower in a research report on Friday, September 19th. They issued a “buy” rating and a $195.00 target price on the stock. Finally, Cantor Fitzgerald started coverage on Welltower in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.69.

Welltower Stock Down 0.1%

Welltower stock opened at $172.14 on Friday. The firm has a market capitalization of $115.13 billion, a PE ratio of 97.25, a P/E/G ratio of 1.94 and a beta of 0.92. The company’s 50-day moving average is $168.66 and its 200-day moving average is $157.89. Welltower Inc. has a fifty-two week low of $123.11 and a fifty-two week high of $180.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. Welltower’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Sell-side analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.74 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 annualized dividend and a dividend 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%.

Welltower 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.