Nearwater Capital Markets Ltd Makes New $18.39 Million Investment in Welltower Inc. $WELL

Key Points

• Nearwater Capital Markets Ltd has acquired a new position in Welltower Inc., purchasing 120,000 shares valued at approximately $18.4 million during the first quarter.
• Several institutional investors, including Wellington Management and Price T Rowe Associates, have significantly increased their stakes in Welltower, reflecting strong confidence in the company's future performance.
• Welltower has also increased its quarterly dividend from $0.67 to $0.74, showing a commitment to providing shareholder returns while maintaining a market capitalization of $112.09 billion.

Nearwater Capital Markets Ltd bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 120,000 shares of the real estate investment trust's stock, valued at approximately $18,385,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SouthState Corp increased its stake in shares of Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Welltower during the 1st quarter valued at about $27,000. Harbor Capital Advisors Inc. acquired a new position in shares of Welltower during the 1st quarter valued at about $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Welltower during the 1st quarter valued at about $28,000. Finally, Hughes Financial Services LLC acquired a new position in shares of Welltower during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction on Monday, June 30th. The stock was purchased at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the acquisition, the director directly owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Welltower Trading Up 0.1%

WELL stock traded up $0.10 during midday trading on Friday, reaching $167.78. 2,700,826 shares of the company's stock traded hands, compared to its average volume of 2,148,620. The company has a market capitalization of $112.22 billion, a P/E ratio of 94.79, a PEG ratio of 1.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $171.09. The business has a 50-day moving average price of $162.15 and a two-hundred day moving average price of $153.84.

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

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. 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.