Cbre Investment Management Listed Real Assets LLC Has $461.66 Million Position in Welltower Inc. $WELL

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its stake in Welltower Inc. by 55.6%, acquiring an additional 1,076,293 shares, thus making Welltower its largest investment position.
• Welltower recently declared a quarterly dividend of $0.74 per share, up from the previous $0.67, indicating a commitment to enhancing shareholder returns.
• Analysts have mixed views on Welltower, with price target adjustments that include ratings from "sell" to "overweight," reflecting varying confidence in the company's performance.

Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 55.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,013,247 shares of the real estate investment trust's stock after acquiring an additional 1,076,293 shares during the quarter. Welltower comprises about 7.1% of Cbre Investment Management Listed Real Assets LLC's investment portfolio, making the stock its largest holding. Cbre Investment Management Listed Real Assets LLC owned approximately 0.46% of Welltower worth $461,660,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its position in Welltower by 3.9% during the first quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust's stock worth $39,536,000 after acquiring an additional 9,678 shares during the period. Beacon Financial Planning Inc. increased its position in Welltower by 6.8% during the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock worth $4,274,000 after acquiring an additional 1,780 shares during the period. Summit Trail Advisors LLC increased its position in Welltower by 61.4% during the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock worth $1,035,000 after acquiring an additional 2,571 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Welltower by 8.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust's stock worth $20,147,000 after acquiring an additional 10,423 shares during the period. Finally, Entropy Technologies LP grew its stake in Welltower by 73.7% during the first quarter. Entropy Technologies LP now owns 15,959 shares of the real estate investment trust's stock worth $2,445,000 after buying an additional 6,772 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 1.3%

NYSE:WELL traded up $2.11 during mid-day trading on Wednesday, hitting $167.95. 1,794,204 shares of the company's stock were exchanged, compared to its average volume of 2,923,791. The company has a 50 day simple moving average of $159.81 and a 200-day simple moving average of $152.72. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a fifty-two week low of $119.93 and a fifty-two week high of $171.09. The firm has a market capitalization of $112.33 billion, a P/E ratio of 94.89, a PEG ratio of 1.86 and a beta of 0.93.

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

Welltower Increases Dividend

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

Insider Transactions at Welltower

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

Analysts Set New Price Targets

WELL has been the topic of a number of analyst reports. 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 note on Wednesday, July 30th. Morgan Stanley increased their price objective 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. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Wells Fargo & Company increased their price objective on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Scotiabank reiterated an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $174.10.

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.