Congress Asset Management Co. Buys Shares of 578,845 Welltower Inc. $WELL

Key Points

• Congress Asset Management Co. purchased 578,845 shares of Welltower Inc. for approximately $88,986,000, representing a 0.09% ownership stake in the company.
• Institutional investors hold 94.80% of Welltower's stock, with notable increases from firms like Wellington Management and Price T Rowe Associates.
• Welltower recently announced a dividend increase to $0.74 per share, reflecting a boost from the previous $0.67, and has a payout ratio of 167.23%.

Congress Asset Management Co. bought a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 578,845 shares of the real estate investment trust's stock, valued at approximately $88,986,000. Congress Asset Management Co. owned 0.09% of Welltower as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in shares of Welltower by 14.0% during 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. Price T Rowe Associates Inc. MD boosted its stake in shares of Welltower by 41.6% during 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 buying an additional 2,622,384 shares during the period. Northern Trust Corp boosted its stake in shares of Welltower by 0.4% during the 1st quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust's stock valued at $1,297,263,000 after buying an additional 36,725 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Welltower by 7.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust's stock valued at $1,250,935,000 after buying an additional 532,135 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Welltower by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust's stock valued at $1,065,820,000 after buying an additional 877,856 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WELL shares. UBS Group started coverage on shares of Welltower in a research note on Friday, September 19th. They set a "buy" rating and a $195.00 target price for the company. KeyCorp lifted their target price on shares of Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday. Evercore ISI raised their price target on shares of Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Finally, Wells Fargo & Company raised their price target 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 equities research analyst has rated the stock with a Strong Buy rating, nine 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 presently has a consensus rating of "Moderate Buy" and an average target price of $179.42.

Insider Buying and Selling

In other news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were purchased 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 of the company's stock, valued at $3,029,200. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is owned by company insiders.

Welltower Stock Performance

Shares of WELL opened at $171.69 on Friday. The company has a market capitalization of $114.83 billion, a PE ratio of 97.00, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. Welltower Inc. has a one year low of $122.34 and a one year high of $173.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The company's fifty day moving average price is $166.17 and its 200 day moving average price is $155.47.

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, topping the consensus estimate of $1.22 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The business's quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, analysts expect 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 $0.74 dividend. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.7%. Welltower's payout ratio 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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