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Neuberger Berman Group LLC Has $103.61 Million Position in Welltower Inc. (NYSE:WELL)

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Key Points

  • Neuberger Berman Group LLC increased its stake in Welltower Inc. by 23.3%, acquiring an additional 127,985 shares during the first quarter, bringing its total ownership to 676,272 shares valued at approximately $103.6 million.
  • Welltower announced a quarterly dividend increase to $0.74 per share, representing a 1.8% dividend yield, set to be paid on August 21.
  • Welltower's recent earnings report showed an EPS of $1.28, beating analysts' estimates, and a 39.6% year-over-year revenue increase to $2.55 billion.
  • Want stock alerts on Welltower? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Neuberger Berman Group LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 23.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 676,272 shares of the real estate investment trust's stock after buying an additional 127,985 shares during the period. Neuberger Berman Group LLC owned 0.10% of Welltower worth $103,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock worth $527,000 after buying an additional 279 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Welltower by 1.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 71,271 shares of the real estate investment trust's stock valued at $8,973,000 after acquiring an additional 995 shares in the last quarter. Townsquare Capital LLC lifted its position in Welltower by 22.0% in the 4th quarter. Townsquare Capital LLC now owns 6,642 shares of the real estate investment trust's stock worth $837,000 after buying an additional 1,196 shares in the last quarter. Synovus Financial Corp lifted its position in Welltower by 9.9% in the 4th quarter. Synovus Financial Corp now owns 3,655 shares of the real estate investment trust's stock worth $461,000 after buying an additional 329 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of Welltower by 1.6% during the 4th quarter. Mariner LLC now owns 80,889 shares of the real estate investment trust's stock valued at $10,194,000 after purchasing an additional 1,271 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Performance

NYSE WELL traded up $1.02 on Friday, hitting $162.90. 2,490,254 shares of the stock were exchanged, compared to its average volume of 2,453,952. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The business's fifty day moving average is $157.89 and its 200 day moving average is $151.40. Welltower Inc. has a 52 week low of $115.18 and a 52 week high of $171.09. The company has a market capitalization of $108.95 billion, a PE ratio of 92.03, a P/E/G ratio of 1.85 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating the consensus estimate 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 net margin of 12.18% and a return on equity of 3.38%. The company's revenue was up 39.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share. Research analysts anticipate 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 will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.8%. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, August 12th. Welltower's dividend payout ratio is currently 167.23%.

Insider Activity at Welltower

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 shares were acquired at an average cost 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 of the company's stock, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The purchase 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.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Evercore ISI lifted their target price on shares of Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Wells Fargo & Company lifted their target price on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Morgan Stanley lifted their price target on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Welltower currently has an average rating of "Moderate Buy" and an average price target of $169.82.

Read Our Latest Report on Welltower

About Welltower

(Free Report)

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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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