Welltower Inc. $WELL Shares Sold by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC trimmed its position in shares of Welltower Inc. (NYSE:WELL) by 10.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,019 shares of the real estate investment trust’s stock after selling 777 shares during the period. Welltower makes up about 0.9% of Morey & Quinn Wealth Partners LLC’s holdings, making the stock its 27th biggest holding. Morey & Quinn Wealth Partners LLC’s holdings in Welltower were worth $1,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WELL. Wellington Management Group LLP boosted its position in Welltower by 14.0% during the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock worth $3,261,792,000 after purchasing an additional 2,614,562 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Welltower by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock worth $1,367,226,000 after purchasing an additional 2,622,384 shares during the period. Northern Trust Corp boosted its position in Welltower by 0.4% during the 1st quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust’s stock worth $1,297,263,000 after purchasing an additional 36,725 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Welltower by 7.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust’s stock worth $1,250,935,000 after purchasing an additional 532,135 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Welltower by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust’s stock worth $1,065,820,000 after purchasing an additional 877,856 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

NYSE:WELL opened at $169.16 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a 50-day moving average of $168.56 and a two-hundred day moving average of $157.14. The stock has a market cap of $113.14 billion, a P/E ratio of 95.57, a PEG ratio of 1.95 and a beta of 0.92. Welltower Inc. has a 1-year low of $122.34 and a 1-year 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 EPS 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 business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. The ex-dividend date of this dividend 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 dividend yield of 1.7%. Welltower’s dividend payout ratio is 167.23%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Evercore ISI upped their price target on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. UBS Group assumed coverage on shares of Welltower in a research report on Friday, September 19th. They set a “buy” rating and a $195.00 price target for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Cantor Fitzgerald started coverage on shares of Welltower in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 price objective for the company. Finally, Scotiabank upped their price objective on shares of Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday. 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.69.

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.