3,400 shares in Welltower Inc. (NYSE:WELL) acquired by CoreCap Advisors LLC

VaselineSeptember 15, 2024

0 3 minutes read

CoreCap Advisors LLC acquired a new stake in shares of Welltower Inc. (NYSE:WELL – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,400 shares of the real estate investment trust’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Foundation Advisors bought a new stake in shares of Welltower in the second quarter valued at $26,000. Rise Advisors LLC bought a new stake in Welltower in the 1st quarter valued at about $27,000. TruNorth Capital Management LLC purchased a new stake in shares of Welltower in the second quarter valued at about $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Welltower in the second quarter valued at approximately $30,000. Finally, Manchester Capital Management LLC boosted its stake in shares of Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s shares.

Welltower price performance

Shares of Welltower stock opened at $129.75 on Friday. The company has a 50-day simple moving average of $115.29 and a 200-day simple moving average of $103.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07, and a quick ratio of 4.07. The company has a market cap of $79.04 billion, a PE ratio of 160.19, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. Welltower Inc. has a one year low of $78.38 and a one year high of $129.87.

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Welltower (NYSE:WELL – Get Your Free Report ) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. In the same quarter last year, the company earned $0.90 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, sell-side analysts estimate that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower increases dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a dividend of $0.67 per share. The ex-dividend date was Monday, August 12. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a dividend of $2.68 on an annualized basis and a yield of 2.07%. Welltower’s dividend payout ratio is 330.86%.

Analysts set new price targets

WELL has been the subject of a number of analyst research reports. Evercore ISI boosted their target price on Welltower from $105.00 to $106.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Wells Fargo & Company upped their target price on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Scotiabank upped their target price on shares of Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Wedbush boosted their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $111.71, based on data from MarketBeat.com.

Check out our latest research report on WELL

Welltower profile

(Free Report)

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company based in Toledo, Ohio, is leading the transformation of healthcare infrastructure. Welltower invests with leading nursing home operators, post-acute care providers and health systems to finance the real estate and infrastructure needed to scale innovative care delivery models and improve people’s well-being and the overall care experience of health.