Easterly Investment Partners LLC Invests $20.26 Million in Welltower Inc. $WELL

Key Points

• Easterly Investment Partners LLC has invested approximately $20.26 million in Welltower Inc., acquiring 131,796 shares, making Welltower the firm's 10th largest holding.
• Welltower's recent earnings report showed $1.28 earnings per share, exceeding estimates, with revenue up 39.6% year-over-year at $2.55 billion.
• The company has increased its quarterly dividend to $0.74 per share, up from $0.67, representing a dividend yield of 1.7%.

Easterly Investment Partners LLC bought a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 131,796 shares of the real estate investment trust's stock, valued at approximately $20,261,000. Welltower comprises about 1.5% of Easterly Investment Partners LLC's portfolio, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Wealth Group LLC boosted its position in shares of Welltower by 4.7% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 66 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Welltower by 23.3% during the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock worth $56,000 after buying an additional 69 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its stake in shares of Welltower by 2.0% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after buying an additional 73 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Welltower by 7.8% during the 2nd quarter. SJS Investment Consulting Inc. now owns 1,009 shares of the real estate investment trust's stock worth $155,000 after buying an additional 73 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its stake in shares of Welltower by 1.8% during the 1st quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock worth $678,000 after buying an additional 77 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Trading Down 0.1%

Shares of WELL stock opened at $172.14 on Friday. The firm has a 50-day moving average price of $168.66 and a 200 day moving average price of $157.89. Welltower Inc. has a twelve month low of $123.11 and a twelve month high of $180.40. The company has a market capitalization of $115.13 billion, a price-to-earnings ratio of 97.25, a PEG ratio of 1.94 and a beta of 0.92. 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 announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating 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 firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the company posted $1.05 EPS. The firm's revenue for the quarter was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio is currently 167.23%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WELL shares. Wells Fargo & Company lifted their price target on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Evercore ISI lifted their price target on Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. UBS Group started coverage on Welltower in a research note on Friday, September 19th. They set a "buy" rating and a $195.00 price target for the company. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Finally, KeyCorp lifted their price target on Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $180.69.

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.

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.