Guggenheim Capital LLC Increases Stake in Welltower Inc. $WELL

Key Points

• Guggenheim Capital LLC increased its stake in Welltower Inc. by 71.1% in the first quarter, holding 106,600 shares worth approximately $16.3 million.
• Welltower recently declared a quarterly dividend of $0.74, an increase from $0.67, resulting in an annualized payout of $2.96 and a yield of 1.8%.
• The company's quarterly earnings report indicated a net revenue of $2.55 billion, surpassing analyst expectations and showing a year-over-year revenue increase of 39.6%.

Guggenheim Capital LLC increased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 71.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,600 shares of the real estate investment trust's stock after buying an additional 44,293 shares during the period. Guggenheim Capital LLC's holdings in Welltower were worth $16,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Ieq Capital LLC increased its holdings in shares of Welltower by 9.6% during the first quarter. Ieq Capital LLC now owns 25,641 shares of the real estate investment trust's stock valued at $3,929,000 after acquiring an additional 2,252 shares in the last quarter. Warwick Investment Management Inc. acquired a new position in shares of Welltower during the first quarter valued at about $307,000. FORA Capital LLC acquired a new position in shares of Welltower during the first quarter valued at about $3,187,000. Corebridge Financial Inc. increased its holdings in shares of Welltower by 1.2% during the first quarter. Corebridge Financial Inc. now owns 167,813 shares of the real estate investment trust's stock valued at $25,711,000 after acquiring an additional 1,911 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in Welltower by 78.1% in the 1st quarter. Synovus Financial Corp now owns 6,508 shares of the real estate investment trust's stock worth $997,000 after buying an additional 2,853 shares during the period. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on WELL. Scotiabank reiterated an "outperform" rating on shares of Welltower in a report on Thursday. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Morgan Stanley raised their price objective on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Wells Fargo & Company raised their price objective on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, 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 note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $175.00.

Welltower Price Performance

Shares of NYSE:WELL traded up $0.97 during midday trading on Friday, reaching $168.37. 1,689,650 shares of the company's stock traded hands, compared to its average volume of 2,390,739. Welltower Inc. has a 1 year low of $119.93 and a 1 year high of $171.09. The company has a market cap of $112.61 billion, a P/E ratio of 95.13, a PEG ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The company has a fifty day simple moving average of $160.73 and a two-hundred day simple moving average of $153.21.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business's 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. Equities analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio is 167.23%.

Insider Activity

In other news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was bought at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company's stock.

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.