Transcend Capital Advisors LLC Invests $227,000 in Welltower Inc. $WELL

Transcend Capital Advisors LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,476 shares of the real estate investment trust’s stock, valued at approximately $227,000.

Other institutional investors have also modified their holdings of the company. SouthState Corp lifted its position in shares of 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 purchasing an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Welltower during the 1st quarter worth $27,000. Hughes Financial Services LLC acquired a new stake in Welltower during the 1st quarter worth $31,000. N.E.W. Advisory Services LLC acquired a new stake in Welltower during the 1st quarter worth $32,000. Finally, WPG Advisers LLC acquired a new stake in Welltower during the 1st quarter worth $34,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Up 2.3%

NYSE WELL opened at $181.03 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. The firm has a market cap of $124.24 billion, a PE ratio of 124.85, a P/E/G ratio of 1.93 and a beta of 0.92. Welltower Inc. has a one year low of $123.11 and a one year high of $189.53. The firm’s fifty day moving average is $171.30 and its two-hundred day moving average is $160.36.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. Welltower’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently disclosed 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 is currently 167.23%.

Wall Street Analyst Weigh In

WELL has been the subject of a number of research reports. National Bankshares set a $246.00 price objective on Welltower in a research note on Friday, October 17th. Wells Fargo & Company boosted their price objective on Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Welltower in a research note on Wednesday, October 8th. Finally, Scotiabank lifted their price objective on shares of Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average price target of $187.60.

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.