Sound View Wealth Advisors Group LLC Grows Stock Holdings in Welltower Inc. $WELL

Sound View Wealth Advisors Group LLC grew its stake in shares of Welltower Inc. (NYSE:WELL) by 290.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 14,218 shares of the real estate investment trust’s stock after buying an additional 10,574 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Welltower were worth $2,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. SouthState Corp raised its stake in shares of Welltower by 704.8% during the 1st 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 period. Wealth Preservation Advisors LLC purchased a new position in Welltower during the 1st quarter valued at about $27,000. Hughes Financial Services LLC purchased a new position in Welltower during the 1st quarter valued at about $31,000. N.E.W. Advisory Services LLC bought a new stake in shares of Welltower during the first quarter valued at about $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of Welltower in the first quarter worth about $34,000. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

Shares of NYSE:WELL opened at $190.53 on Friday. The company’s fifty day moving average price is $173.59 and its 200-day moving average price is $162.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 4.19. The firm has a market capitalization of $130.76 billion, a price-to-earnings ratio of 131.40, a PEG ratio of 1.93 and a beta of 0.92. Welltower Inc. has a one year low of $123.11 and a one year high of $190.68.

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

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, November 10th. Welltower’s dividend payout ratio is presently 204.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. KeyCorp raised their price target on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Scotiabank upped their price target on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. National Bankshares set a $246.00 price objective on Welltower in a research note on Friday, October 17th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.93.

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.