Welltower Inc. $WELL Shares Sold by Border to Coast Pensions Partnership Ltd

Key Points

• Border to Coast Pensions Partnership Ltd reduced its stake in Welltower Inc. by 7.1%, selling 25,000 shares, resulting in ownership of 325,000 shares valued at approximately $49.96 million.
• Several other institutional investors have increased their positions in Welltower, with Wellington Management Group boosting its stake by 14.0% and Price T Rowe Associates increasing theirs by 41.6% in the first quarter.
• Welltower recently increased its quarterly dividend from $0.67 to $0.74 per share, reflecting a 1.8% dividend yield, as part of its ongoing financial strategy amidst positive earnings results.

Border to Coast Pensions Partnership Ltd lessened its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 325,000 shares of the real estate investment trust's stock after selling 25,000 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in Welltower were worth $49,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Welltower in the first quarter valued at $762,204,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Welltower by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust's stock valued at $1,367,226,000 after acquiring an additional 2,622,384 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Welltower by 14.0% in the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust's stock valued at $3,261,792,000 after buying an additional 2,614,562 shares during the period. GAMMA Investing LLC boosted its stake in shares of Welltower by 17,343.3% in the 1st quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust's stock worth $266,287,000 after buying an additional 1,728,088 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Welltower during the 4th quarter valued at $194,272,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Welltower Stock Down 0.6%

WELL traded down $1.00 during trading hours on Friday, reaching $165.53. 20,205,185 shares of the stock traded hands, compared to its average volume of 3,165,233. The company 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 firm's fifty day simple moving average is $165.11 and its two-hundred day simple moving average is $154.92. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $171.09. 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 announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $2.55 billion for 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 business's revenue was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

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

Insider Activity

In related news, Director Andrew Gundlach bought 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The stock was acquired at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the acquisition, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

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.