Modern Wealth Management LLC Cuts Stock Position in Welltower Inc. $WELL

Key Points

• Modern Wealth Management LLC reduced its stake in Welltower Inc. by 12.3% during the first quarter, now holding 37,052 shares valued at approximately $5.68 million.
• Welltower announced a quarterly dividend increase, raising it from $0.67 to $0.74, resulting in an annualized dividend of $2.96 and a yield of 1.8%.
• Wells Fargo recently upgraded Welltower's price target from $175.00 to $185.00, reflecting strong growth expectations, while analysts generally hold a "Moderate Buy" rating for the stock.

Modern Wealth Management LLC cut its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 12.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,052 shares of the real estate investment trust's stock after selling 5,212 shares during the quarter. Modern Wealth Management LLC's holdings in Welltower were worth $5,677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Good Life Advisors LLC increased its position in shares of Welltower by 1.2% during the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after purchasing an additional 69 shares in the last quarter. Rise Advisors LLC increased its position in shares of Welltower by 23.3% during the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 69 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Welltower by 4.3% during the first quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 73 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its position in shares of Welltower by 2.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after purchasing an additional 73 shares in the last quarter. Finally, Premier Path Wealth Partners LLC increased its position in shares of Welltower by 1.8% during the first quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock worth $678,000 after purchasing an additional 77 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were acquired at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the purchase, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WELL has been the subject of several research reports. Wells Fargo & Company boosted their price target on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Scotiabank upped their target price on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Finally, Evercore ISI upped their target price on Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $175.00.

Welltower Stock Performance

Shares of Welltower stock opened at $168.39 on Friday. Welltower Inc. has a 52 week low of $122.34 and a 52 week high of $171.09. The business's fifty day simple moving average is $163.47 and its 200-day simple moving average is $154.31. The firm has a market cap of $112.62 billion, a PE ratio of 95.14, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results 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. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The company's quarterly revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a $0.74 dividend. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a dividend yield of 1.8%. Welltower's dividend payout ratio is currently 167.23%.

Welltower Company 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.

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.