Welltower Inc. $WELL Shares Bought by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. has increased its stake in Welltower Inc. by 1.2%, acquiring an additional 1,911 shares, bringing its total to 167,813 shares valued at approximately $25.7 million.
• Welltower's quarterly earnings report showed a 39.6% year-over-year revenue increase to $2.55 billion, surpassing analyst expectations, with earnings per share of $1.28.
• Welltower has raised its quarterly dividend from $0.67 to $0.74, resulting in an annualized dividend of $2.96, representing a yield of 1.8% with a current payout ratio of 167.23%.

Corebridge Financial Inc. boosted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,813 shares of the real estate investment trust's stock after buying an additional 1,911 shares during the quarter. Corebridge Financial Inc.'s holdings in Welltower were worth $25,711,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. SouthState Corp increased its holdings in shares of Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 148 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Welltower in the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new position in Welltower in the first quarter valued at approximately $28,000. Hughes Financial Services LLC acquired a new stake in Welltower during the first quarter worth approximately $31,000. Finally, Franchise Capital Ltd purchased a new stake in shares of Welltower during the 1st quarter worth approximately $32,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The stock was bought at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the acquisition, the director owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by company insiders.

Welltower Stock Performance

NYSE:WELL traded down $0.35 during midday trading on Thursday, reaching $167.40. The stock had a trading volume of 2,114,915 shares, compared to its average volume of 2,430,424. The firm has a fifty day simple moving average of $160.11 and a two-hundred day simple moving average of $152.83. Welltower Inc. has a 12-month low of $119.93 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 stock has a market cap of $111.96 billion, a P/E ratio of 94.58, a P/E/G ratio of 1.89 and a beta of 0.93.

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

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were given a $0.74 dividend. 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 payout ratio is 167.23%.

Analysts Set New Price Targets

WELL has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday. Evercore ISI increased their target price on shares of Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Morgan Stanley increased their target price on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research report on Thursday. One investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $175.00.

Welltower Company 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.