Goldman Sachs Group Inc. Acquires 1,030,599 Shares of Welltower Inc. $WELL

Key Points

• Goldman Sachs significantly increased its holdings in Welltower Inc. by 27.9%, acquiring 1,030,599 shares and raising its total to 4,728,921 shares, valued at approximately $724 million.
• Welltower's quarterly earnings report indicated a revenue of $2.55 billion, beating expectations, and they set their FY 2025 EPS guidance between 5.060-5.14.
• The company also announced a quarterly dividend increase from $0.67 to $0.74, representing an annual yield of 1.8%, despite having a payout ratio of 167.23%.

Goldman Sachs Group Inc. raised its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 27.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,728,921 shares of the real estate investment trust's stock after acquiring an additional 1,030,599 shares during the quarter. Goldman Sachs Group Inc. owned about 0.72% of Welltower worth $724,518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC boosted its stake in Welltower by 3.9% in the first quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust's stock valued at $39,536,000 after acquiring an additional 9,678 shares during the last quarter. Beacon Financial Planning Inc. boosted its stake in Welltower by 6.8% in the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock valued at $4,274,000 after acquiring an additional 1,780 shares during the last quarter. Jump Financial LLC bought a new position in Welltower in the first quarter valued at approximately $1,697,000. Cbre Investment Management Listed Real Assets LLC boosted its stake in Welltower by 55.6% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust's stock valued at $461,660,000 after acquiring an additional 1,076,293 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in Welltower by 61.4% in the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock valued at $1,035,000 after acquiring an additional 2,571 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target 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. Scotiabank lifted their price target on shares of Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.00.

Insider Buying and Selling

In related news, Director Andrew Gundlach acquired 20,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Welltower Trading Up 0.1%

WELL opened at $167.78 on Monday. The stock has a market capitalization of $112.22 billion, a P/E ratio of 94.79, a P/E/G 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 firm's fifty day simple moving average is $162.15 and its 200 day simple moving average is $153.84. 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 posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm's revenue was up 39.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.8%. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's payout ratio 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.

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