Morangie Management LLC Makes New $771,000 Investment in Welltower Inc. $WELL

Key Points

• Morangie Management LLC made a new investment of approximately $771,000 in Welltower Inc., acquiring 5,017 shares, representing 0.7% of its portfolio.
• Multiple institutional investors, including TD Private Client Wealth LLC and Public Employees Retirement System of Ohio, have increased their stakes in Welltower, collectively reflecting growing institutional interest.
• Welltower's stock has a consensus rating of "Moderate Buy" with an average target price of $179.42, following positive earnings reports and analyst upgrades.

Morangie Management LLC bought a new position in Welltower Inc. (NYSE:WELL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,017 shares of the real estate investment trust's stock, valued at approximately $771,000. Welltower comprises 0.7% of Morangie Management LLC's portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Welltower in the 2nd quarter valued at approximately $152,000. Perigon Wealth Management LLC raised its holdings in Welltower by 23.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 4,925 shares of the real estate investment trust's stock valued at $757,000 after buying an additional 939 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Welltower by 51.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,924 shares of the real estate investment trust's stock valued at $450,000 after buying an additional 993 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Welltower by 3.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,152,310 shares of the real estate investment trust's stock valued at $177,145,000 after buying an additional 42,495 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in Welltower by 9.1% in the 2nd quarter. Ballentine Partners LLC now owns 9,739 shares of the real estate investment trust's stock valued at $1,497,000 after buying an additional 811 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Scotiabank increased their target price on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. KeyCorp increased their target price on shares of Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, UBS Group initiated coverage on shares of Welltower in a research report on Friday, September 19th. They set a "buy" rating and a $195.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Welltower has a consensus rating of "Moderate Buy" and an average target price of $179.42.

Insiders Place Their Bets

In other news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

Welltower Trading Up 0.4%

Shares of Welltower stock opened at $171.69 on Friday. Welltower Inc. has a 52-week low of $122.34 and a 52-week high of $173.22. The stock's 50-day simple moving average is $166.17 and its 200 day simple moving average is $155.47. The stock has a market capitalization of $114.83 billion, a P/E ratio of 97.00, a P/E/G ratio of 1.92 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 (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. The company's quarterly revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, research analysts anticipate 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. Investors of record on Tuesday, August 12th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, August 12th. This is a positive change from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio is presently 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.

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