148,115 Shares in Welltower Inc. $WELL Purchased by WCM Investment Management LLC

Key Points

• WCM Investment Management LLC bought 148,115 shares of Welltower Inc., valued at approximately $22.5 million, during the second quarter.
• Institutional investors own 94.80% of Welltower's stock, highlighting strong interest from the investment community.
• Welltower increased its quarterly dividend from $0.67 to $0.74, indicating a positive change in financial returns for shareholders.

WCM Investment Management LLC purchased a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 148,115 shares of the real estate investment trust's stock, valued at approximately $22,533,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WELL. Nuveen LLC acquired a new position in Welltower during the first quarter worth about $762,204,000. Price T Rowe Associates Inc. MD raised its stake in Welltower by 41.6% during the first 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. Wellington Management Group LLP raised its stake in Welltower by 14.0% during the first 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. Cbre Investment Management Listed Real Assets LLC raised its stake in Welltower by 55.6% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust's stock worth $461,660,000 after purchasing an additional 1,076,293 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Welltower by 65.2% during the first quarter. Ameriprise Financial Inc. now owns 2,648,557 shares of the real estate investment trust's stock worth $399,314,000 after purchasing an additional 1,045,507 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WELL. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Welltower in a research note on Wednesday, October 8th. UBS Group initiated coverage on shares of Welltower in a research note on Friday, September 19th. They set a "buy" rating and a $195.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Cantor Fitzgerald initiated coverage on shares of Welltower in a research report on Wednesday, October 1st. They set an "overweight" rating and a $195.00 price target for the company. Finally, Evercore ISI lifted their price target on shares of Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $180.69.

Welltower Trading Up 1.9%

Shares of WELL stock opened at $172.64 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a market capitalization of $115.47 billion, a P/E ratio of 97.54, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. The company has a 50 day moving average price of $168.61 and a 200 day moving average price of $157.76. Welltower Inc. has a fifty-two week low of $123.11 and a fifty-two week high of $180.40.

Welltower (NYSE:WELL - Get Free Report) last posted 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. The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm's revenue was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a $0.74 dividend. 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 dividend on an annualized basis and a dividend yield of 1.7%. Welltower's dividend payout ratio is currently 167.23%.

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.

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