Morey & Quinn Wealth Partners LLC Lowers Stock Position in Welltower Inc. $WELL

Morey & Quinn Wealth Partners LLC lessened its holdings in Welltower Inc. (NYSE:WELL) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,019 shares of the real estate investment trust’s stock after selling 777 shares during the quarter. Welltower accounts for about 0.9% of Morey & Quinn Wealth Partners LLC’s holdings, making the stock its 27th biggest position. Morey & Quinn Wealth Partners LLC’s holdings in Welltower were worth $1,079,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Welltower by 3.9% in the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock valued at $39,536,000 after purchasing an additional 9,678 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Welltower by 55.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock worth $461,660,000 after acquiring an additional 1,076,293 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Welltower during the 1st quarter worth approximately $1,697,000. Beacon Financial Planning Inc. boosted its stake in shares of Welltower by 6.8% during the 1st quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust’s stock worth $4,274,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in shares of Welltower by 61.4% during the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 2,571 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 2.2%

Shares of WELL opened at $169.16 on Thursday. The stock has a fifty day moving average of $168.56 and a two-hundred day moving average of $157.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The company has a market capitalization of $113.14 billion, a PE ratio of 95.57, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $180.40.

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

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were issued a $0.74 dividend. This is a boost from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.7%. Welltower’s payout ratio is presently 167.23%.

Analyst Ratings Changes

WELL has been the topic of several research analyst reports. KeyCorp boosted their price target on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 23rd. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Scotiabank boosted their price target on Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research note on Monday. Cantor Fitzgerald started coverage on Welltower in a research note on Wednesday, October 1st. They set an “overweight” rating and a $195.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Welltower in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $180.69.

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.