Credit Agricole S A Has $44.64 Million Stock Holdings in Welltower Inc. $WELL

Key Points

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Credit Agricole S A boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 40.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 291,337 shares of the real estate investment trust's stock after buying an additional 83,371 shares during the quarter. Credit Agricole S A's holdings in Welltower were worth $44,636,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC raised its stake in Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after acquiring an additional 279 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Welltower by 5.6% in the fourth quarter. NewEdge Advisors LLC now owns 9,938 shares of the real estate investment trust's stock valued at $1,253,000 after purchasing an additional 529 shares during the last quarter. First Trust Advisors LP raised its position in shares of Welltower by 25.7% in the fourth quarter. First Trust Advisors LP now owns 231,615 shares of the real estate investment trust's stock valued at $29,190,000 after purchasing an additional 47,353 shares during the period. Capital Research Global Investors lifted its stake in shares of Welltower by 2.3% during the 4th quarter. Capital Research Global Investors now owns 678,940 shares of the real estate investment trust's stock worth $85,567,000 after buying an additional 14,994 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Welltower by 8.1% during the 4th quarter. MML Investors Services LLC now owns 38,323 shares of the real estate investment trust's stock worth $4,830,000 after buying an additional 2,856 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Welltower Stock Performance

NYSE WELL traded up $0.7730 during trading on Thursday, reaching $166.7630. The company's stock had a trading volume of 2,285,140 shares, compared to its average volume of 2,533,896. The firm has a 50 day moving average price of $159.00 and a 200 day moving average price of $152.16. Welltower Inc. has a 12 month low of $116.50 and a 12 month high of $171.09. The firm has a market capitalization of $111.54 billion, a price-to-earnings ratio of 94.22, a price-to-earnings-growth ratio of 1.87 and a beta of 0.93. 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 (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $2.55 billion during 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 firm's revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.74 per share. This is an increase from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.96 annualized dividend and a dividend yield of 1.8%. Welltower's payout ratio is currently 167.23%.

Insider Activity at Welltower

In related news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were bought 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 owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.21% of the company's stock.

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.