BROOKFIELD Corp ON Increases Stock Holdings in Welltower Inc. $WELL

Key Points

• BROOKFIELD Corp ON increased its stake in Welltower Inc. by 39.1%, acquiring an additional 104,320 shares to hold a total of 371,317 shares valued at approximately $56.89 million.
• Several hedge funds significantly increased their investments in Welltower, with SouthState Corp growing its holdings by 704.8% during the first quarter.
• Welltower reported a positive quarterly earnings result with an EPS of $1.28, surpassing expectations, and also announced a dividend increase from $0.67 to $0.74 per share.

BROOKFIELD Corp ON lifted its position in Welltower Inc. (NYSE:WELL - Free Report) by 39.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 371,317 shares of the real estate investment trust's stock after purchasing an additional 104,320 shares during the quarter. BROOKFIELD Corp ON owned about 0.06% of Welltower worth $56,889,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WELL. SouthState Corp grew its holdings in shares of Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 148 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in shares of Welltower in the first quarter valued at about $27,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Welltower in the first quarter valued at about $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Welltower in the first quarter valued at about $28,000. Finally, Hughes Financial Services LLC purchased a new stake in shares of Welltower in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Buying and Selling

In other news, Director Andrew Gundlach bought 20,000 shares of the stock in a transaction that occurred 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 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 position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on WELL. Scotiabank boosted their price objective on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Evercore ISI boosted their price objective on shares of Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. One research 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, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $175.00.

Welltower Stock Performance

Shares of Welltower stock opened at $168.39 on Friday. The business has a 50-day moving average of $163.47 and a 200 day moving average of $154.31. Welltower Inc. has a 12 month low of $122.34 and a 12 month high of $171.09. The stock has a market capitalization of $112.62 billion, a price-to-earnings ratio of 95.14, a price-to-earnings-growth ratio of 1.89 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 announced its earnings results 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. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same period last year, the business posted $1.05 EPS. Welltower's revenue for the quarter 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, sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This is a positive change from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. Welltower's dividend payout ratio (DPR) is 167.23%.

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.

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