Nissay Asset Management Corp Japan ADV Raises Stake in Welltower Inc. $WELL

Key Points

• Nissay Asset Management Corp Japan ADV increased its investment in Welltower Inc. by 3.2%, owning 164,190 shares worth approximately $25.16 million at the close of the last reporting period.
• Several institutional investors, including LPL Financial LLC and Cbre Investment Management, made significant increases in their stakes in Welltower during the first quarter, reflecting strong institutional interest in the company.
• Welltower recently increased its quarterly dividend to $0.74, with an annualized yield of 1.8%, indicating robust financial health despite a dividend payout ratio of 167.23%.

Nissay Asset Management Corp Japan ADV raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 3.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 164,190 shares of the real estate investment trust's stock after acquiring an additional 5,047 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Welltower were worth $25,156,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Welltower by 14.0% in the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust's stock worth $3,261,792,000 after acquiring an additional 2,614,562 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Welltower by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust's stock worth $1,367,226,000 after acquiring an additional 2,622,384 shares during the period. Northern Trust Corp lifted its stake in shares of Welltower by 0.4% in the 1st quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust's stock worth $1,297,263,000 after acquiring an additional 36,725 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Welltower by 10.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,632,705 shares of the real estate investment trust's stock worth $961,950,000 after acquiring an additional 712,279 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Welltower by 14.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust's stock worth $1,065,820,000 after acquiring an additional 877,856 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on WELL. Evercore ISI raised 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 raised 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. 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 research note on Wednesday, August 27th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $175.00.

Insider Activity at Welltower

In other news, Director Andrew Gundlach purchased 20,000 shares of the stock in a transaction dated Monday, June 30th. The stock was acquired at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the acquisition, the director directly owned 20,000 shares in the company, valued at $3,029,200. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Welltower Price Performance

NYSE:WELL traded up $0.10 during mid-day trading on Friday, hitting $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 debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The firm's 50 day simple moving average is $162.15 and its 200 day simple moving average is $153.84. Welltower Inc. has a 1 year low of $122.34 and a 1 year high of $171.09. The company has a market cap of $112.22 billion, a PE ratio of 94.79, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93.

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 the consensus estimate of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the firm posted $1.05 EPS. The firm's revenue for the quarter was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Sell-side analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

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

Welltower 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.