AGF Management Ltd. Acquires 2,746 Shares of Welltower Inc. (NYSE:WELL)

Key Points

• AGF Management Ltd. increased its stake in Welltower Inc. by 4.8%, acquiring an additional 2,746 shares to bring its total holdings to 60,444 shares valued at approximately $9.26 million.
• Welltower's Director Andrew Gundlach purchased 20,000 shares at an average price of $151.46, totaling approximately $3.03 million, increasing his ownership significantly.
• Several analysts have raised their price targets for Welltower, with Wells Fargo setting a new target of $175 and maintaining an "overweight" rating, indicating strong investor interest.

AGF Management Ltd. increased its position in Welltower Inc. (NYSE:WELL - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,444 shares of the real estate investment trust's stock after buying an additional 2,746 shares during the period. AGF Management Ltd.'s holdings in Welltower were worth $9,261,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WELL. Brighton Jones LLC grew its stake in shares of Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after buying an additional 279 shares during the period. Bessemer Group Inc. grew its stake in shares of Welltower by 8.5% in the 4th quarter. Bessemer Group Inc. now owns 7,914 shares of the real estate investment trust's stock valued at $997,000 after buying an additional 617 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Welltower by 1.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 71,271 shares of the real estate investment trust's stock valued at $8,973,000 after buying an additional 995 shares during the period. Townsquare Capital LLC grew its stake in shares of Welltower by 22.0% in the 4th quarter. Townsquare Capital LLC now owns 6,642 shares of the real estate investment trust's stock valued at $837,000 after buying an additional 1,196 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Welltower in the 4th quarter valued at about $543,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Welltower

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were purchased at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on WELL shares. Wells Fargo & Company raised their target price on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Evercore ISI raised their target price on Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Scotiabank reiterated an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Finally, Morgan Stanley lifted their price target on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and an average target price of $169.82.

Welltower Price Performance

Shares of NYSE WELL opened at $167.93 on Tuesday. Welltower Inc. has a twelve month low of $115.18 and a twelve month high of $171.09. The stock's 50 day moving average price is $157.08 and its 200-day moving average price is $150.89. The company has a market capitalization of $112.32 billion, a PE ratio of 94.88, a PEG ratio of 1.92 and a beta of 0.93. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the business earned $1.05 EPS. The company's revenue was up 39.6% compared to the same quarter last year. On average, equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, August 12th. This is a boost from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio (DPR) is presently 151.41%.

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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