Howard Capital Management Inc. Has $632,000 Position in Welltower Inc. $WELL

Howard Capital Management Inc. lifted its holdings in Welltower Inc. (NYSE:WELL) by 37.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,114 shares of the real estate investment trust’s stock after purchasing an additional 1,130 shares during the quarter. Howard Capital Management Inc.’s holdings in Welltower were worth $632,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WELL. SouthState Corp boosted its position in Welltower by 704.8% during 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 last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Welltower during the 1st quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower during the 1st quarter worth approximately $28,000. Hughes Financial Services LLC bought a new position in shares of Welltower in the first quarter valued at $31,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Welltower in the first quarter valued at $32,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 1.3%

Shares of WELL stock opened at $177.43 on Thursday. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $189.53. The company has a market capitalization of $118.67 billion, a PE ratio of 122.37, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. The firm has a 50 day moving average price of $171.02 and a two-hundred day moving average price of $160.22. The company has a quick ratio of 4.19, a current ratio of 5.47 and a debt-to-equity ratio of 0.43.

Welltower (NYSE:WELL) last announced 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. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Tuesday, November 11th will be paid a $0.74 dividend. The ex-dividend date is Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. Welltower’s dividend payout ratio is 167.23%.

Analysts Set New Price Targets

A number of analysts have commented on WELL shares. KeyCorp increased their price target on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. National Bankshares set a $246.00 target price on shares of Welltower in a research note on Friday, October 17th. Wells Fargo & Company boosted their price target on Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. UBS Group set a $203.00 price objective on Welltower in a research report on Wednesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Welltower in a report on Wednesday, October 8th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.60.

About Welltower

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.