Avanza Fonder AB Has $9.90 Million Position in Welltower Inc. $WELL

Key Points

• Avanza Fonder AB has increased its stake in Welltower Inc. by 7.0%, acquiring an additional 4,217 shares during the second quarter, bringing its total holdings to 64,404 shares valued at approximately $9.9 million.
• Welltower's stock received favorable ratings from multiple analysts, with price targets increasing to as high as $195.00, contributing to an average rating of "Moderate Buy" among analysts.
• The company recently raised its quarterly dividend from $0.67 to $0.74, representing an annualized dividend of $2.96 and a yield of 1.8%.

Avanza Fonder AB raised its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,404 shares of the real estate investment trust's stock after purchasing an additional 4,217 shares during the period. Avanza Fonder AB's holdings in Welltower were worth $9,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Good Life Advisors LLC grew its holdings in shares of Welltower by 1.2% during the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after purchasing an additional 69 shares in the last quarter. Rise Advisors LLC grew its holdings in shares of Welltower by 23.3% during the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 69 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Welltower by 4.3% during the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 73 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in shares of Welltower by 2.0% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after purchasing an additional 73 shares in the last quarter. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of Welltower by 1.8% during the 1st quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock worth $678,000 after purchasing an additional 77 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Down 0.6%

NYSE WELL traded down $1.00 on Friday, reaching $165.53. The company had a trading volume of 20,205,185 shares, compared to its average volume of 3,165,233. The stock's 50 day moving average is $165.11 and its 200-day moving average is $154.92. The stock has a market cap of $110.71 billion, a price-to-earnings ratio of 93.52, a PEG ratio of 1.86 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 Inc. has a 52 week low of $122.34 and a 52 week high of $171.09.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm's revenue was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on WELL shares. UBS Group started coverage on Welltower in a research note on Friday. They issued a "buy" rating and a $195.00 price target on the stock. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Wells Fargo & Company boosted their price target on Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Evercore ISI boosted their price target on Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Finally, Scotiabank boosted their price target on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Welltower currently has a consensus rating of "Moderate Buy" and an average price target of $177.55.

Insider Activity

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the stock in a transaction on Monday, June 30th. The stock was bought at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the acquisition, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by company 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.