Soltis Investment Advisors LLC Acquires New Stake in Welltower Inc. $WELL

Soltis Investment Advisors LLC bought a new stake in Welltower Inc. (NYSE:WELL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,386 shares of the real estate investment trust’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. SouthState Corp raised its position in shares of Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in Welltower in the 1st quarter valued at $27,000. Hughes Financial Services LLC purchased a new position in shares of Welltower during the 1st quarter worth $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Welltower during the first quarter worth $32,000. Finally, WPG Advisers LLC acquired a new stake in shares of Welltower during the first quarter worth $34,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Price Performance

WELL stock opened at $190.53 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.19 and a current ratio of 5.47. Welltower Inc. has a 1 year low of $123.11 and a 1 year high of $190.68. The firm has a market cap of $130.76 billion, a P/E ratio of 131.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The stock has a 50-day simple moving average of $173.59 and a 200-day simple moving average of $162.01.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the business earned $1.11 EPS. Welltower’s quarterly 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 analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

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

Analyst Ratings Changes

WELL has been the subject of several analyst reports. National Bankshares set a $246.00 target price on Welltower in a research report on Friday, October 17th. Cantor Fitzgerald upped their price objective on shares of Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. UBS Group set a $203.00 target price on shares of Welltower in a research report on Wednesday, October 29th. Wells Fargo & Company boosted their target price on shares of Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Welltower in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $187.93.

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.