Cinctive Capital Management LP Sells 37,459 Shares of Welltower Inc. $WELL

Key Points

• Cinctive Capital Management LP reduced its stake in Welltower Inc. by 43.4%, now owning 48,884 shares valued at approximately $7.49 million.
• Welltower recently declared a quarterly dividend of $0.74, marking an increase from the previous dividend of $0.67, with a current annual yield of 1.8%.
• Analyst ratings for Welltower vary, with a notable target price increase by Evercore ISI, raising it from $162 to $175, indicating positive outlooks from multiple analysts.

Cinctive Capital Management LP cut its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 43.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,884 shares of the real estate investment trust's stock after selling 37,459 shares during the quarter. Cinctive Capital Management LP's holdings in Welltower were worth $7,490,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WELL. Nuveen LLC bought a new stake in Welltower during the first quarter valued at about $762,204,000. Price T Rowe Associates Inc. MD raised its holdings in Welltower by 41.6% during the first 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 period. Wellington Management Group LLP raised its holdings in Welltower by 14.0% during the first 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 acquiring an additional 2,614,562 shares during the period. GAMMA Investing LLC raised its holdings in Welltower by 17,343.3% during the first 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 period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Welltower during the fourth quarter valued at about $194,272,000. 94.80% of the stock is owned by institutional investors.

Insider Activity

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was acquired at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the transaction, the director directly owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This 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. 0.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

WELL has been the topic of several research reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Scotiabank lifted their target price on Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Evercore ISI lifted their target price on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their target price on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. One 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 given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $175.00.

Welltower Trading Up 1.1%

WELL traded up $1.77 on Monday, hitting $169.59. The company had a trading volume of 2,669,393 shares, compared to its average volume of 2,897,964. The company has a market cap of $113.43 billion, a PE ratio of 95.81, a PEG ratio of 1.89 and a beta of 0.93. Welltower Inc. has a 12-month low of $122.34 and a 12-month high of $171.09. 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 business's fifty day simple moving average is $162.15 and its 200 day simple moving average is $153.84.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly 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 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 analyst estimates of $2.49 billion. During the same quarter last year, the business posted $1.05 earnings per share. The firm's revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is presently 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.