Banco BTG Pactual S.A. Acquires Shares of 1,869 Welltower Inc. $WELL

Key Points

• Banco BTG Pactual S.A. acquired 1,869 shares of Welltower Inc. valued at approximately $286,000 during the first quarter, as reported in its 13F filing with the SEC.
• Welltower recently raised its quarterly dividend to $0.74, with an annualized yield of 1.8%, up from the previous quarterly dividend of $0.67.
• Several hedge funds heavily invested in Welltower, leading to institutional ownership of 94.80% of the company’s stock.

Banco BTG Pactual S.A. bought a new position in Welltower Inc. (NYSE:WELL - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 1,869 shares of the real estate investment trust's stock, valued at approximately $286,000.

Several other hedge funds have also recently made changes to their positions in WELL. SouthState Corp increased its stake in Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 148 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Welltower in the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Welltower during the 1st quarter valued at approximately $28,000. Hughes Financial Services LLC purchased a new stake in Welltower during the 1st quarter valued at $31,000. Finally, Franchise Capital Ltd purchased a new stake in Welltower during the 1st quarter valued at $32,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Trading Up 1.5%

WELL stock opened at $165.9540 on Thursday. Welltower Inc. has a 12 month low of $116.29 and a 12 month high of $171.09. The firm's 50-day moving average is $158.70 and its 200 day moving average is $151.98. The company has a market capitalization of $111.00 billion, a PE ratio of 93.76, a P/E/G ratio of 1.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm's quarterly revenue was up 39.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.8%. This is an increase from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, August 12th. Welltower's payout ratio is currently 167.23%.

Wall Street Analysts Forecast Growth

Several research firms have commented on WELL. Wells Fargo & Company lifted their price objective on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Morgan Stanley lifted their price target on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Scotiabank reiterated an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Evercore ISI increased their price objective on shares of Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $173.10.

Insider Buying and Selling

In other news, Director Andrew Gundlach bought 20,000 shares of the firm's stock in a transaction on Monday, June 30th. The stock was acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by 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.

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