Prime Capital Investment Advisors LLC Lowers Stock Position in Welltower Inc. $WELL

Prime Capital Investment Advisors LLC cut its position in shares of Welltower Inc. (NYSE:WELL) by 22.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,394 shares of the real estate investment trust’s stock after selling 1,564 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Welltower were worth $829,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. SouthState Corp raised 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 worth $26,000 after acquiring an additional 148 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Welltower in the first quarter valued at approximately $27,000. Harbor Capital Advisors Inc. acquired a new position in Welltower in the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in Welltower in the first quarter valued at $28,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of Welltower during the 1st quarter worth about $31,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

NYSE:WELL opened at $167.10 on Friday. The firm’s fifty day moving average price is $168.60 and its 200 day moving average price is $157.26. Welltower Inc. has a 1-year low of $122.34 and a 1-year 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. The firm has a market cap of $111.76 billion, a price-to-earnings ratio of 94.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The firm 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 quarterly revenue was up 39.6% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, sell-side analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This is an increase from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower’s dividend payout ratio is currently 167.23%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WELL. Evercore ISI boosted their target price on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Scotiabank upped their target price on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research note on Monday. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. KeyCorp boosted their price objective on shares of Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 23rd. Finally, Cantor Fitzgerald initiated coverage on shares of Welltower in a 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 given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.