Journey Strategic Wealth LLC Invests $371,000 in Welltower Inc. $WELL

Journey Strategic Wealth LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,411 shares of the real estate investment trust’s stock, valued at approximately $371,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. increased its stake in Welltower by 11.0% in the second quarter. Franklin Resources Inc. now owns 467,450 shares of the real estate investment trust’s stock valued at $71,861,000 after purchasing an additional 46,197 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Welltower in the 2nd quarter valued at about $10,336,000. Legal & General Group Plc increased its position in Welltower by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 7,297,309 shares of the real estate investment trust’s stock valued at $1,121,815,000 after buying an additional 285,205 shares in the last quarter. JPMorgan Chase & Co. increased its position in Welltower by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,898,391 shares of the real estate investment trust’s stock valued at $1,214,232,000 after buying an additional 149,724 shares in the last quarter. Finally, Marvin & Palmer Associates Inc. acquired a new position in Welltower during the 2nd quarter worth approximately $3,050,000. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 1.2%

Shares of Welltower stock opened at $199.90 on Monday. The stock has a fifty day simple moving average of $178.94 and a 200 day simple moving average of $165.37. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $201.42. The company has a market capitalization of $137.20 billion, a P/E ratio of 137.86, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.04. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The business’s revenue was up 30.7% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, sell-side analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared 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. The ex-dividend date was Monday, November 10th. This represents a $2.96 annualized dividend and a yield of 1.5%. Welltower’s payout ratio is 204.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Loop Capital set a $196.00 price objective on Welltower in a research note on Wednesday, October 29th. Wells Fargo & Company increased their target price on Welltower from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday. Cantor Fitzgerald upped their price objective on shares of Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, UBS Group set a $203.00 price objective on shares of Welltower in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.73.

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.