Fortis Capital Advisors LLC Makes New $602,000 Investment in Welltower Inc. $WELL

Fortis Capital Advisors LLC bought a new position in shares of Welltower Inc. (NYSE:WELL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,913 shares of the real estate investment trust’s stock, valued at approximately $602,000.

Other institutional investors also recently modified their holdings of the company. SouthState Corp boosted its stake in shares of Welltower by 704.8% in 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 last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Welltower in the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. bought a new stake in shares of Welltower in the 1st quarter valued at $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower in the 1st quarter valued at $28,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Welltower in the 1st quarter valued at $31,000. 94.80% of the stock is owned by institutional investors.

Welltower Stock Down 0.1%

Shares of NYSE WELL opened at $175.35 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $168.05 and its 200 day simple moving average is $156.70. Welltower Inc. has a 12-month low of $122.34 and a 12-month high of $180.40. The firm has a market cap of $117.28 billion, a PE ratio of 99.07, a P/E/G ratio of 1.97 and a beta of 0.92.

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

Welltower Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WELL shares. Scotiabank upped their price objective on shares of Welltower from $172.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Evercore ISI upped their price objective on shares of Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Wells Fargo & Company upped their price objective on shares of Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. UBS Group assumed coverage on shares of Welltower in a research note on Friday, September 19th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Cantor Fitzgerald assumed coverage on shares of Welltower in a research note on Wednesday. They set 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 assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $180.62.

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.