MBB Public Markets I LLC Invests $330,000 in Welltower Inc. $WELL

Key Points

• MBB Public Markets I LLC invested approximately $330,000 in Welltower Inc. by acquiring 2,153 shares during the first quarter.
• Welltower reported a 39.6% year-over-year increase in quarterly revenue, achieving $2.55 billion, and exceeding earnings expectations with $1.28 EPS.
• The company has declared an increase in its quarterly dividend to $0.74 per share, coming from a previous dividend of $0.67, reflecting the firm’s commitment to returning value to shareholders.

MBB Public Markets I LLC acquired a new position in Welltower Inc. (NYSE:WELL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,153 shares of the real estate investment trust's stock, valued at approximately $330,000.

Other institutional investors have also recently made changes to their positions in the company. SouthState Corp grew its position in shares of 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 purchasing an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Welltower during the first quarter worth about $27,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Welltower during the first quarter worth about $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Welltower during the first quarter worth about $28,000. Finally, Hughes Financial Services LLC purchased a new stake in shares of Welltower during the first quarter worth about $31,000. Institutional investors own 94.80% of the company's stock.

Insider Activity

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the purchase, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.21% of the company's stock.

Welltower Price Performance

Shares of Welltower stock opened at $167.78 on Monday. The stock has a market cap of $112.22 billion, a price-to-earnings ratio of 94.79, a price-to-earnings-growth ratio of 1.89 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 stock has a 50 day moving average price of $162.15 and a 200-day moving average price of $153.84. Welltower Inc. has a one year low of $122.34 and a one year high of $171.09.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company's quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors 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 1.8%. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio is 167.23%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WELL. Evercore ISI increased their target price on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Wells Fargo & Company raised their price target on Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, Scotiabank raised their price target on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. One investment 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $175.00.

About Welltower

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.

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.