Welltower Inc. $WELL Shares Purchased by Brooklyn Investment Group

Key Points

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Brooklyn Investment Group increased its position in Welltower Inc. (NYSE:WELL - Free Report) by 103.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,781 shares of the real estate investment trust's stock after purchasing an additional 1,922 shares during the period. Brooklyn Investment Group's holdings in Welltower were worth $579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WELL. Nuveen LLC purchased a new stake in shares of Welltower in the 1st quarter valued at about $762,204,000. Northern Trust Corp raised its stake in Welltower by 53.5% during the 4th quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock valued at $1,062,495,000 after acquiring an additional 2,939,229 shares during the last quarter. GAMMA Investing LLC raised its stake in Welltower by 17,343.3% during the 1st quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust's stock valued at $266,287,000 after acquiring an additional 1,728,088 shares during the last quarter. Bank of America Corp DE raised its stake in Welltower by 9.7% during the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after acquiring an additional 1,652,611 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Welltower during the 4th quarter valued at approximately $194,272,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Welltower Price Performance

Shares of WELL traded down $2.7420 on Friday, reaching $164.1980. The stock had a trading volume of 2,798,425 shares, compared to its average volume of 2,936,385. The firm has a market capitalization of $109.82 billion, a PE ratio of 92.77, a PEG ratio of 1.87 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. The firm has a 50-day moving average of $159.00 and a 200 day moving average of $152.16. Welltower Inc. has a twelve month low of $118.00 and a twelve month high of $171.09.

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

Welltower Increases Dividend

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

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach purchased 20,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the acquisition, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by corporate 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.