Ieq Capital LLC Has $3.93 Million Position in Welltower Inc. $WELL

Key Points

• Ieq Capital LLC increased its stake in Welltower Inc. by 9.6% in the first quarter, now holding 25,641 shares valued at approximately $3.93 million.
• Welltower reported a 39.6% year-over-year revenue increase, reaching $2.55 billion, and exceeded EPS expectations with $1.28 compared to a consensus estimate of $1.22.
• The company declared a quarterly dividend of $0.74, up from the previous $0.67, providing a yield of 1.8%, with a payout ratio of 167.23%.

Ieq Capital LLC increased its position in Welltower Inc. (NYSE:WELL - Free Report) by 9.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,641 shares of the real estate investment trust's stock after purchasing an additional 2,252 shares during the period. Ieq Capital LLC's holdings in Welltower were worth $3,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Welltower during the 1st quarter valued at $762,204,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Welltower by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust's stock valued at $1,367,226,000 after acquiring an additional 2,622,384 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Welltower by 14.0% during the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust's stock valued at $3,261,792,000 after acquiring an additional 2,614,562 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Welltower by 17,343.3% during the 1st quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust's stock valued at $266,287,000 after acquiring an additional 1,728,088 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Welltower by 9.7% during the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after acquiring an additional 1,652,611 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Performance

Welltower stock traded down $0.66 on Tuesday, reaching $167.63. 2,652,234 shares of the stock were exchanged, compared to its average volume of 2,909,868. The stock has a market cap of $112.11 billion, a PE ratio of 94.70, a PEG ratio of 1.90 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 Inc. has a twelve month low of $120.23 and a twelve month high of $171.09. The firm has a fifty day moving average price of $161.01 and a two-hundred day moving average price of $153.35.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm's revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Sell-side analysts anticipate 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. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.74 per share. This is a positive change from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower's payout ratio is currently 167.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Scotiabank boosted their price target on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Wells Fargo & Company boosted their price target on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Evercore ISI upped their price objective on shares of Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley upped their price objective on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $175.00.

Insiders Place Their Bets

In other news, Director Andrew Gundlach acquired 20,000 shares of the firm's stock in a transaction on Monday, June 30th. The shares were purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares of the company's stock, valued at $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.