IFM Investors Pty Ltd Has $35.41 Million Position in Welltower Inc. $WELL

Key Points

• IFM Investors Pty Ltd sold 10,675 shares of Welltower Inc., reducing its stake by 4.4%, and now holds 230,367 shares valued at approximately $35.4 million.
• Welltower's recent quarterly earnings exceeded expectations, reporting $1.28 earnings per share, and an annual revenue increase of 39.6% compared to the previous year.
• Analysts have raised their price targets for Welltower, with Scotiabank increasing its target to $181.00 and Wells Fargo to $185.00, suggesting a generally optimistic outlook on the stock.

IFM Investors Pty Ltd lessened its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,367 shares of the real estate investment trust's stock after selling 10,675 shares during the period. IFM Investors Pty Ltd's holdings in Welltower were worth $35,414,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp raised its holdings in Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in Welltower during the first quarter worth about $27,000. Harbor Capital Advisors Inc. bought a new stake in Welltower during the first quarter worth about $28,000. Smallwood Wealth Investment Management LLC bought a new stake in Welltower during the first quarter worth about $28,000. Finally, Hughes Financial Services LLC bought a new stake in Welltower during the first quarter worth about $31,000. Institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WELL. UBS Group began coverage on Welltower in a report on Friday. They set a "buy" rating and a $195.00 target price on the stock. Wells Fargo & Company upped their price objective on Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Scotiabank upped their price objective on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Finally, Evercore ISI upped their price objective on Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $177.55.

Welltower Stock Performance

Shares of NYSE WELL traded down $1.00 during trading hours on Friday, reaching $165.53. 20,205,185 shares of the stock were exchanged, compared to its average volume of 2,294,890. The firm has a market capitalization of $110.71 billion, a price-to-earnings ratio of 93.52, a P/E/G ratio of 1.86 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. Welltower Inc. has a 52 week low of $122.34 and a 52 week high of $171.09. The stock's fifty day simple moving average is $165.11 and its 200 day simple moving average is $154.88.

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, topping analysts' consensus estimates of $1.22 by $0.06. The company 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 firm's quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently announced 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. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. Welltower's dividend payout ratio is 167.23%.

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach bought 20,000 shares of the stock in a transaction dated 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 purchase, the director owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.