Welltower Inc. $WELL Shares Bought by Amundi

Key Points

• Amundi has increased its holdings in Welltower Inc. by 0.6%, now owning a total of 3,798,128 shares valued at approximately $578.9 million.
• Welltower reported a 39.6% year-over-year revenue increase, achieving $2.55 billion for the quarter and exceeding analyst expectations.
• The company recently raised its quarterly dividend from $0.67 to $0.74, with a yield of 1.8% and a payout ratio of 167.23%.

Amundi raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,798,128 shares of the real estate investment trust's stock after acquiring an additional 24,301 shares during the period. Amundi owned approximately 0.58% of Welltower worth $578,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WELL. SouthState Corp grew its stake in 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 buying an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Welltower during the first quarter worth about $27,000. Harbor Capital Advisors Inc. acquired a new position in shares of Welltower during the first quarter valued at about $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower in the 1st quarter valued at approximately $28,000. Finally, Hughes Financial Services LLC acquired a new stake in Welltower in the 1st quarter worth approximately $31,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of NYSE WELL traded up $0.10 during midday trading on Friday, reaching $167.78. 2,700,826 shares of the stock were exchanged, compared to its average volume of 2,112,706. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The firm has a market cap of $112.22 billion, a price-to-earnings ratio of 94.79, a PEG ratio of 1.89 and a beta of 0.93. The firm has a 50-day simple moving average of $162.15 and a two-hundred day simple moving average of $153.79. Welltower Inc. has a twelve month low of $122.34 and a twelve month high of $171.09.

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

Welltower Increases Dividend

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

Analyst Upgrades and Downgrades

WELL has been the subject of several research reports. Wells Fargo & Company lifted their price objective on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Raymond James Financial reiterated a "strong-buy" rating on shares of Welltower in a research note on Tuesday. Evercore ISI raised their price objective on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. Scotiabank upped their target price on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Finally, Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.00.

Insider Activity at Welltower

In other news, Director Andrew Gundlach acquired 20,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the acquisition, the director owned 20,000 shares in the company, valued at approximately $3,029,200. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Welltower Company 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.