APG Asset Management US Inc. Buys 82,709 Shares of Welltower Inc. $WELL

Key Points

• APG Asset Management US Inc. increased its stake in Welltower Inc. by 6.2%, acquiring an additional 82,709 shares, bringing its total ownership to 1,420,826 shares.
• Welltower declared a quarterly dividend of $0.74 per share, up from its previous dividend of $0.67, with an annualized yield of 1.8%.
• Analysts have varied opinions on Welltower, with ratings ranging from Strong Buy to Sell, and an average target price set at $173.10.

APG Asset Management US Inc. grew its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 6.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,420,826 shares of the real estate investment trust's stock after buying an additional 82,709 shares during the period. Welltower makes up 1.7% of APG Asset Management US Inc.'s investment portfolio, making the stock its 17th largest holding. APG Asset Management US Inc. owned about 0.22% of Welltower worth $219,020,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. AlphaQuest LLC purchased a new stake in shares of Welltower during the 1st quarter valued at $904,000. Allstate Corp increased its holdings in Welltower by 8.0% in the 1st quarter. Allstate Corp now owns 36,241 shares of the real estate investment trust's stock worth $5,552,000 after acquiring an additional 2,669 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in Welltower by 111.8% in the 1st quarter. 1832 Asset Management L.P. now owns 420,387 shares of the real estate investment trust's stock worth $64,407,000 after acquiring an additional 221,876 shares during the last quarter. Compound Planning Inc. grew its holdings in Welltower by 12.9% during the 1st quarter. Compound Planning Inc. now owns 6,359 shares of the real estate investment trust's stock valued at $974,000 after buying an additional 725 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Welltower by 65.2% during the 1st quarter. Ameriprise Financial Inc. now owns 2,648,557 shares of the real estate investment trust's stock valued at $399,314,000 after buying an additional 1,045,507 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Evercore ISI lifted their price target on Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their target price on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Scotiabank restated an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Finally, Morgan Stanley upped their target price on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Welltower has an average rating of "Moderate Buy" and an average target price of $173.10.

Welltower Trading Up 0.5%

NYSE WELL opened at $166.7630 on Friday. Welltower Inc. has a 12 month low of $116.50 and a 12 month high of $171.09. The stock has a market cap of $111.54 billion, a P/E ratio of 94.22, a P/E/G ratio of 1.87 and a beta of 0.93. The stock's fifty day moving average price is $159.00 and its 200-day moving average price is $152.16. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44.

Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS 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 analysts' expectations of $2.49 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The company's quarterly revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Tuesday, August 12th. 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%. Welltower's dividend payout ratio is currently 167.23%.

Insider Activity

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the stock in a transaction dated 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 acquisition, the director directly owned 20,000 shares in the company, valued at $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by 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.

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