Welltower Inc. $WELL Shares Bought by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. significantly increased its position in Welltower Inc. by 111.8% in Q1, owning 420,387 shares valued at approximately $64.4 million after acquiring an additional 221,876 shares.
• Several hedge funds have increased their stakes in Welltower, including Nuveen LLC, which established a new position worth about $762 million and Northern Trust Corp, which boosted its holdings by 53.5%.
• Welltower announced an increase in its quarterly dividend from $0.67 to $0.74 per share, reflecting a positive change and representing an annualized dividend yield of 1.8%.

1832 Asset Management L.P. lifted its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 111.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 420,387 shares of the real estate investment trust's stock after purchasing an additional 221,876 shares during the quarter. 1832 Asset Management L.P. owned about 0.06% of Welltower worth $64,407,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its holdings in shares of Welltower by 3.9% during the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust's stock worth $39,536,000 after purchasing an additional 9,678 shares during the period. Beacon Financial Planning Inc. grew its holdings in shares of Welltower by 6.8% during the 1st quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock worth $4,274,000 after purchasing an additional 1,780 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of Welltower by 61.4% during the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock worth $1,035,000 after purchasing an additional 2,571 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Welltower by 8.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust's stock worth $20,147,000 after purchasing an additional 10,423 shares during the period. Finally, Entropy Technologies LP grew its holdings in shares of Welltower by 73.7% during the 1st quarter. Entropy Technologies LP now owns 15,959 shares of the real estate investment trust's stock worth $2,445,000 after purchasing an additional 6,772 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of research reports. Morgan Stanley boosted their target price on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Scotiabank restated an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Wells Fargo & Company upped their price target on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday. Evercore ISI upped their price target on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $174.10.

Welltower Stock Performance

Shares of WELL stock traded up $2.11 on Wednesday, hitting $167.95. 1,793,980 shares of the stock traded hands, compared to its average volume of 2,920,792. 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 company has a market capitalization of $112.33 billion, a PE ratio of 94.89, a PEG ratio of 1.86 and a beta of 0.93. Welltower Inc. has a 1-year low of $119.93 and a 1-year high of $171.09. The company's fifty day moving average is $159.81 and its 200 day moving average is $152.72.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company posted $1.05 EPS. The business's 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, equities research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a $0.74 dividend. This is a boost from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower's dividend payout ratio is 167.23%.

Insiders Place Their Bets

In related news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction on Monday, June 30th. The shares were purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the transaction, the director directly owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is owned by corporate insiders.

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.