Cornerstone Wealth Group LLC Buys 66 Shares of Welltower Inc. $WELL

Cornerstone Wealth Group LLC raised its stake in shares of Welltower Inc. (NYSE:WELL) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,460 shares of the real estate investment trust’s stock after buying an additional 66 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Welltower were worth $225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SouthState Corp boosted its stake in Welltower by 704.8% during the 1st 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 last quarter. Wealth Preservation Advisors LLC acquired a new stake in Welltower in the first quarter worth $27,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Welltower during the first quarter worth $28,000. Hughes Financial Services LLC bought a new position in shares of Welltower during the first quarter worth $31,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Welltower in the 1st quarter valued at $32,000. 94.80% of the stock is owned by institutional investors.

Welltower Stock Up 1.9%

Shares of Welltower stock opened at $172.64 on Thursday. The firm has a market cap of $115.47 billion, a PE ratio of 97.54, a P/E/G ratio of 1.91 and a beta of 0.92. The business’s 50 day simple moving average is $168.61 and its 200 day simple moving average is $157.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. Welltower Inc. has a 52-week low of $123.11 and a 52-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, 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 company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the business earned $1.05 EPS. The business’s quarterly revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal 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 paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio (DPR) is presently 167.23%.

Wall Street Analyst Weigh In

WELL has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Welltower from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. KeyCorp raised their price target on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 23rd. UBS Group started coverage on Welltower in a research report on Friday, September 19th. They issued a “buy” rating and a $195.00 price objective for the company. Scotiabank increased their target price on Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. One equities research 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $180.69.

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.